An Accountant Who Records a Transaction Only When Cash Is

question 40

Multiple Choice

An accountant who records a transaction only when cash is received or disbursed is using which basis of accounting?

• A) prepaid
• B) accrual
• C) cash
• D) deferral

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Definitions:

Double Bonds

Chemical bonds formed by the sharing of two pairs of electrons between two atoms.

Polyunsaturated Fatty Acids

Polyunsaturated Fatty Acids are fats with more than one unsaturated carbon bond in the molecule, commonly found in plant and fish oils, providing nutritional benefits and influencing heart health.

Monounsaturated Fatty Acids

Fatty acids that have one double bond in their fatty acid chain, known for their health benefits when consumed in moderation.

Saturated Fatty Acids

Fatty acids with no double bonds between carbon atoms, usually solid at room temperature and found in animal fats.