Examlex
Which of the following is not true of science?
Sales Adjusted
Sales adjusted refers to the revenues after making necessary adjustments for returns, allowances, and discounts to the gross sales figure.
Cash Basis
An accounting method where revenues and expenses are recorded when cash is received or paid, not when incurred.
Selling and Administrative Expense
Costs not directly tied to production, including marketing, managers' salaries, and rent for office space.
Cash Basis
A method of accounting where transactions are recorded when cash is either received or paid.
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