Which Transaction Would Not Be Recorded Under Cash-Basis Accounting

question 146

Multiple Choice

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

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

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Definitions:

Voices

In psychology, often refers to auditory hallucinations that involve hearing voices without external stimuli, typically associated with conditions like schizophrenia.

Maladaptive

Anything that does not allow a person to function within or adapt to the stresses and everyday demands of life.

Everyday Demands

The routine challenges and tasks that individuals face daily, requiring management of time, resources, and decision-making.

Function

The natural or intended action of something or the role it plays in a particular context or system.