Under Accrual Basis Accounting,an Expense Is Recorded ONLY When the Cash

question 121

True/False

Under accrual basis accounting,an expense is recorded ONLY when the cash is paid out.

---

Definitions:

Peer Pressure

The influence exerted by a peer group in encouraging a person to change their attitudes, values, or behavior in order to conform to group norms.

Tobacco

A product prepared from the leaves of the tobacco plant, commonly used for smoking, chewing, or snuff.

Family Influence

The impact that family members have on an individual’s development, behavior, and life choices.

Car Accident

An unexpected event involving a vehicle on the road, resulting in damage or injury.