A System of Accounting in Which Revenues and Expenses Are

question 95

Multiple Choice

A system of accounting in which revenues and expenses are recorded only when cash is received or paid, is called

• A) Revenue recognition accounting
• B) Accrual-basis accounting
• C) Realization accounting
• D) Cash-basis accounting

---

Definitions:

Circadian Rhythm

The intrinsic system that manages the sleep-wake pattern, cycling approximately every 24 hours.

Temperature

A physical quantity that expresses hot and cold, measured with a thermometer and scientifically defined through thermodynamic principles.

Light

A specific segment of the electromagnetic spectrum that can be seen by the human eye.

Wake-Sleep Cycles

The recurring patterns of sleep and wakefulness, reflecting the natural internal process that regulates the body's sleep need, typically aligned with the 24-hour day-night cycle.