What Is the Purpose of the Accrual Basis of Accounting

question 13

Multiple Choice

What is the purpose of the accrual basis of accounting?

• A)Recognize revenue when it is collected from customers.
• B)Match assets with liabilities during the proper accounting period.
• C)Recognize expenses when cash disbursements are made.
• D)Recognizing revenue when it is earned and expenses when they are incurred,regardless of when cash changes hands.

---

Definitions:

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and personality changes.

Tissue Loss

The reduction or degeneration of bodily tissue, which can occur due to age, disease, injury, or lack of use.

Hippocampus

A structure in the limbic system that plays a central role in the storing of new memories, the response to new or unexpected stimuli, and navigational ability.

Suicide Rate

The number of suicide deaths in a given population and time period, typically expressed per 100,000 individuals per year.