Examlex
Which of the following is NOT an initiative that can make health and safety training more effective?
Accrual Basis
An accounting method where revenues are recorded when earned, and expenses are recorded when incurred, regardless of when cash is exchanged.
Net Income
The net income of a business once all costs and taxes are subtracted from its total earnings.
Cash Basis
The cash basis is an accounting method where revenues and expenses are recognized only when cash is received or paid, as opposed to when they are incurred.
Adjusting Entries
Journal entries made in accounting records at the end of an accounting period to update the balances of certain accounts.
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