Which of the Following Is Not a Characteristic of Accrual

question 99

Multiple Choice

Which of the following is not a characteristic of accrual basis of accounting?

• A) Revenues and expenses are reported in the period in which cash is received or paid
• B) Revenues are reported in the income statement in the period in which they are earned
• C) Supports the matching concept
• D) All are correct.

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Definitions:

Empathy

The ability to put oneself in someone else’s shoes, to feel with that person.

Audience Analysis

Audience analysis involves researching and understanding the characteristics, needs, and preferences of the targeted audience for effective communication.

Analyzing

The process of examining data or information in detail in order to understand it better or draw conclusions.

Intrinsic Factors

Internal elements or qualities inherent within individuals or situations that influence outcomes without external influence.