QuickBooks Uses Which Basis of Bookkeeping

question 25

Multiple Choice

QuickBooks uses which basis of bookkeeping?

• A)Accrual
• B)Cash
• C)Both accrual and cash
• D)Neither accrual nor cash

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Definitions:

Marginal Utility

The increased gratification or value a shopper obtains by buying one more of a certain item or service.

Demand Schedule

A chart displaying the amount of a product or service that buyers are ready and capable of buying at different price levels.

Total Utility

The total satisfaction or benefit received by consuming a particular quantity of a good or service.

Demand Curve

A visual depiction showing how the demand for a product or service varies with changes in its price over a specific time frame.