Which of the Following Is Not an Application of Accrual

question 122

Multiple Choice

Which of the following is not an application of accrual accounting?

• A)Recognizing revenues when earned and expenses when incurred.
• B)Applying the matching rule.
• C)Adjusting the accounts.
• D)Recording on the basis of actual receipt and payment of cash.

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Definitions:

Agricultural Chemicals

Chemical products used in agriculture, such as pesticides, herbicides, and fertilizers, to manage crops and livestock.

Innocent Landowner Defense

A legal principle that allows property owners to avoid liability for contamination found on their property if they did not cause or contribute to the contamination.

PCBs

Polychlorinated biphenyls, a group of toxic chemical compounds that are environmentally dangerous and were widely used in electrical equipment before being banned.

Pesticide Residue

Trace amounts of chemicals from pesticides that remain on or in food after they are applied to crops.