The Purpose of the Accrual Basis of Accounting Is To

question 91

Multiple Choice

The purpose of the accrual basis of accounting is to:

• A)Report revenue when received.
• B)Match assets and liabilities in the proper period.
• C)Report expenses when cash disbursements are made.
• D)Match revenues and expenses in the proper period.

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Definitions:

Cerebellum

A major structure of the hindbrain that is involved in motor control, coordination, precision, and timing of movements.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, inhibition of nearly all voluntary muscles, and reduced interactions with surroundings.

Pons

A part of the brain located in the brainstem that is involved in the regulation of vital functions, such as sleeping, breathing, and coordination of movement.

Dreaming

The experience of envisioned images, sounds, or other sensations during sleep, particularly during REM sleep phases.