Which of the Following Accounts Does Cash Basis Accounting Ignore

question 24

Multiple Choice

Which of the following accounts does cash basis accounting ignore?

• A)Payables
• B)Revenue
• C)Cash
• D)Expenses

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Definitions:

Succession Planning

The process of identifying and developing new leaders who can replace old leaders when they leave, retire, or die.

Retirement

The phase in life where one voluntarily leaves their job or career, often due to age.

Instrumental Support

Assistance provided to someone in the form of tangible aid or service, such as financial help or offering resources.

Energy

The capacity to do work or produce change, existing in various forms like kinetic, thermal, chemical, electric, among others.