Examlex
Due to which of the following characteristics a news story is most likely to get public importance?
Accrual Basis
Accrual basis accounting is a method where revenue and expenses are recorded when they are earned or incurred, regardless of when the cash is actually received or paid.
Cash Basis
An accounting method where revenues and expenses are recognized only when cash is received or paid, as opposed to when they are incurred.
Accounts Receivable
Amounts due from customers to a business for delivered or utilized goods or services awaiting payment.
Owners' Equity
The residual interest in the assets of an entity after deducting liabilities, representing the ownership stake of shareholders.
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