Which of the Following Would Result in an Increase in Income

question 147

Multiple Choice

Which of the following would result in an increase in income under the accrual method of accounting,but would not result in an increase in income under cash basis accounting?

• A)purchase of supplies for cash
• B)performance of services on account
• C)use of supplies purchased earlier
• D)receipt of cash for services that were performed earlier on account

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Definitions:

One-to-One Relationship

In database design, a relationship where a record in one table is linked to only one record in another table, ensuring unique correspondence between data elements.

Long Text

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Table

A collection of data arranged in rows and columns, commonly used in databases and spreadsheets to organize information.

Primary Key

A unique identifier for each record in a database table, ensuring that no two records are identical and facilitating data retrieval.