Which of the Following Concepts Is Important to Accrual Accounting

question 8

Multiple Choice

Which of the following concepts is important to accrual accounting?

• A)Time period,because accrual accounting divides earnings into time periods
• B)Monetary unit,because inflation is a big factor in the environment
• C)Cash basis,because if cash is not received,revenue is not accrued
• D)Entity concept,because personal transactions must be separated from business transactions

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Definitions:

Indirect Approach

A communication strategy that involves conveying a message in a roundabout way, often used to soften the delivery of sensitive information.

Title Slide

The introductory slide in a presentation that typically includes the title of the presentation, the presenter's name, and other relevant information.

Navigation Slides

Noncontent slides that tell your audience where you’re going and where you’ve been.

Department Affiliation

The association or connection of an individual or entity with a specific department within an organization.