The Cash Basis of Accounting Is a System in Which

question 26

True/False

The cash basis of accounting is a system in which revenues are recorded when earned and expenses are recorded when incurred.

---

Definitions:

Relearn

To relearn is to learn information or skills that one had learned previously but has forgotten or needs to recall.

Implicit Memory

Memory that is not consciously recalled but influences behaviors or thought processes.

Prospective Memory

The aspect of memory that involves remembering to perform a planned action or recall a planned intention at some future point in time.

Levels Of Processing

A theory in cognitive psychology that suggests information can be remembered more or less well, depending on the depth at which it is processed.