Which of the Following Is Not a Characteristic of Accrual

question 151

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 on the income statement in the period in which they are earned
• C) Accrual basis of accounting supports the matching concept
• D) Expenses are reported in the same period as the revenues to which they relate

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Definitions:

Real-world Industry

Sectors and activities in the economy that produce goods and provide services in natural, tangible, practical, and applied contexts outside of theoretical or simulated environments.

Leader Development

The process of expanding an individual's capacity to perform in leadership roles within organizations.

Developmental Readiness

The state or condition of being prepared to undertake personal or professional growth initiatives or learning activities.

Individual Attributes

Characteristics or traits that are specific to an individual, influencing their behavior and actions.