The Major Difference Between Cash-Basis Accounting and Accrual-Basis Accounting Is

question 59

True/False

The major difference between cash-basis accounting and accrual-basis accounting is when the business recognises revenue and profits.

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Definitions:

Prestigious

Describes something esteemed or honored, often associated with high status or quality.

Dangerous

Refers to something that is likely to cause harm or poses a risk to safety.

Desirable Location

A geographic area considered attractive for living or business activities due to various factors such as accessibility, environment, or economic opportunities.

Unstable Work Opportunities

Employment situations that are irregular, unpredictable, and precarious, often without long-term security or benefits.