The Method of Accounting That Recognizes a Transaction When It

question 137

Multiple Choice

The method of accounting that recognizes a transaction when it occurs is:

• A)financial accounting.
• B)cash accounting.
• C)cost accounting.
• D)accrual accounting.

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Definitions:

Heredity

The passing of genetic traits from parents to offspring.

Environment

The surrounding conditions, including natural and man-made elements, where an organism lives, which can influence its development and behavior.

Ergonomics

The study of people's efficiency in their working environment, primarily focusing on the design of equipment and systems that promote safety and comfort.

Machines

Devices or apparatus designed to perform a specific task, often powered by electricity or mechanical energy, to make work easier or more efficient.