The Two Most Widely Used Methods of Accounting Are

question 16

Multiple Choice

The two most widely used methods of accounting are:

• A)financial and managerial.
• B)cash-basis and financial.
• C)accrual and managerial.
• D)accrual and cash-basis.

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Definitions:

CNS

Central Nervous System, which includes the brain and spinal cord, responsible for processing and coordinating information in the body.

Efferent Neurons

Nerve cells that conduct impulses away from the central nervous system to muscles and glands.

Chain Ganglia

Collections of neuron cell bodies located outside the central nervous system and along the course of peripheral nerves, involved in transmitting nerve impulses.

Sympathetic Branch

Part of the autonomic nervous system that controls the body's responses to stress, including the fight-or-flight response.