The Method of Accounting That Records Revenues ONLY When Cash

question 147

Multiple Choice

The method of accounting that records revenues ONLY when cash is received is the:

• A)deferral method.
• B)cash-basis method.
• C)accrual-basis method.
• D)hybrid method.

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Definitions:

Sales Presentation

A pitch or communication aimed at convincing potential buyers to purchase a product by highlighting its benefits and value.

Visual Aid

An item of illustrative matter, such as a film, slide, or model, designed to supplement written or spoken information so that it can be understood more easily.

Actual Product

The tangible good or service offered to customers, encompassing its features, quality, branding, and packaging.

Sales Presentation

A pitch or demonstration given to potential buyers with the aim of promoting and selling a product or service.