Which of the Following Concepts Is Important to Accrual Accounting

question 8

Multiple Choice

Which of the following concepts is important to accrual accounting?

• A)Time period,because accrual accounting divides earnings into time periods
• B)Monetary unit,because inflation is a big factor in the environment
• C)Cash basis,because if cash is not received,revenue is not accrued
• D)Entity concept,because personal transactions must be separated from business transactions

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