Examlex
Name the alkane with the formula C3H8.
Cash Basis Accounting
A method of accounting where transactions are recorded when cash is actually received or paid, rather than when it is earned or incurred.
Accrual Basis
An accounting method where revenue and expenses are recorded when they are earned or incurred, regardless of when cash transactions occur.
Revenue Recognition
Revenue recognition is the accounting principle governing when revenue is considered earned and can be recorded.
Expense Recognition Principle
An accounting principle that expenses should be recognized and recorded at the time they are incurred, not necessarily when cash is paid.
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