Which of the Following Is Not a Method of Accounting

question 65

Multiple Choice

Which of the following is not a method of accounting?

• A) Cash receipts and disbursements method
• B) Accrual method
• C) LIFO inventory
• D) Long-term contracts method
• E) None of the above

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Definitions:

New Customer

A new customer refers to an individual or organization that has not previously purchased or interacted with a company's products or services.

Union

In mathematics and set theory, the union of two or more sets is the set containing all elements of the original sets, without duplication.

Sample Space

The set of all possible outcomes of a probability experiment.

Sample Point

An individual data point or element within a larger sample or dataset.