Which of the Following Is NOT Considered a Basic Property

question 110

Multiple Choice

Which of the following is NOT considered a basic property of language?

• A) relativity
• B) language has a grammar
• C) displacement
• D) semantics
• E) generativity

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Definitions:

Accrual Basis

A method of accounting that records revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, regardless of when the transactions occurred.

Cost Of Goods Sold

Expenses directly related to the creation of products a company sells, encompassing both material and labor costs.

Special Journals

Accounting journals designed for recording a particular type of transaction in a more efficient manner.