According to the Processual Approach, External Context Includes

question 22

Multiple Choice

According to the processual approach, external context includes:

• A) administrative structures and human resources.
• B) market and legislation.
• C) Both of these
• D) Neither of these

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Definitions:

Cash Basis

A bookkeeping approach that registers income and expenses at the time cash is exchanged, rather than when they are accrued.

Direct Method

An accounting practice of allocating support department costs directly to producing departments without consideration for interdepartmental services.

Sales Adjusted

Adjustments made to recorded sales figures for returns, allowances, or discounts to determine the actual net sales amount.

Cash Basis

An accounting method recognizing revenues and expenses when cash is actually received or paid out, rather than when earned or incurred.