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:

Data Dictionary

A unified storage space for data details, including its meaning, connections with other data, source, application, and structure.

Relational Database

A relational database is a digital database based on the relational model of data, where data is organized into tables (known as relations) that are related by common fields, allowing for efficient data retrieval and management.

Batch Processing

The accumulation of transaction data until a certain point is reached, at which time several transactions are processed at once.