Which of the Following Is Not a Characteristic of the Accrual

question 134

Multiple Choice

Which of the following is not a characteristic of the accrual basis of accounting?

• A) Revenues and expenses are reported in the period in which cash is received or paid.
• B) Revenues are reported on the income statement in the period in which they are earned.
• C) The accrual basis of accounting supports the matching concept.
• D) Expenses are reported in the same period as the revenues to which they relate.

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Definitions:

Conscious

The state of being aware of and responsive to one's surroundings and internal thoughts and feelings.

Superego

In psychoanalytic theory, the part of the personality that acts as the moral center, enforcing ethical conduct and striving for perfection.

Temporary Pleasures

Short-lived moments of enjoyment or satisfaction that do not have long-term effects on one's happiness or well-being.

Self-Improvement

The process of seeking out activities or adopting behaviors that lead to personal growth and positive change.