Which Transaction Would Not Be Recorded Under Cash-Basis Accounting

question 50

Multiple Choice

Which transaction would not be recorded under cash-basis accounting?

• A) Providing services to customers for cash.
• B) Purchasing one year of rent in advance.
• C) Paying salaries to employees.
• D) Purchasing supplies on account.

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Definitions:

Retrieval

The process of searching for a memory and finding it.

Recognition

The ability to identify something as previously encountered or known, such as recognizing a face, place, or pattern.

Rehearsal

A cognitive process involving the repetitive review or practice of information to aid in its retention and recall.

Retrieval Cues

Stimuli or cues that assist in the recall of information stored in memory.