Which Transaction Would Be Recorded in a Cash Basis System

question 64

Multiple Choice

Which transaction would be recorded in a cash basis system of accounting?

• A)Purchase of equipment on credit
• B)Purchase of supplies on credit
• C)Sale of goods on credit
• D)Sale of goods for cash

---

Definitions:

Evolutionary Perspective

An approach in psychology that seeks to explain mental and psychological traits—such as memory, perception, or language—as adaptations, i.e., as the functional products of natural selection.

Species-Specific

Characteristics or behaviors that are unique to a particular species.

Adaptive Challenges

Situations or problems that require individuals or organizations to adapt and change their strategies, behaviors, or attitudes.

Observational Learning

Observational Learning is the process of acquiring new behaviors, skills, or attitudes through watching others perform them, rather than through direct experience.