At Fran's Floral,Fran Records Transactions When Cash Is Actually Received

question 27

Multiple Choice

At Fran's Floral,Fran records transactions when cash is actually received and when expenses are actually paid.This is referred to as the ____ method of accounting.

• A) Accrual-basis
• B) Cash-basis
• C) Liquidity-basis
• D) Profit-basis

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