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.

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