Table 14.1. -Refer to Table 14.1. List Two Conservation Strategies That Individuals

question 15

Essay

Table 14.1.

-Refer to Table 14.1. List two conservation strategies that individuals can use to reduce their water use, and provide examples. Why are small changes important?

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Definitions:

Accrual Basis

An accounting method where revenues and expenses are recorded when they are earned or incurred, regardless of when the cash transactions occur.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, irrespective of when the transactions actually occurred.

Adjusting Entry

Journal entries made in accounting records at the end of an accounting period to allocate income and expenditure to the correct periods.

Asset Account

A financial account that represents the resources owned by a company, which have future economic value.