The Assumption Which Requires Transactions to Be Recognised in the Accounting

question 53

Multiple Choice

The assumption which requires transactions to be recognised in the accounting reports when they occur and not when the cash is received or paid is:

• A) accrual basis.
• B) accounting entity.
• C) faithful representation.
• D) accounting period.

---

Definitions:

Control Group

In an experiment, the group that does not receive the treatment or intervention being tested, serving as a comparison to evaluate the effect of the treatment.

Study Guide

A comprehensive resource created to assist students in understanding and memorizing relevant information for a particular course or subject.

Experimental Group

The group in an experiment that receives the treatment or condition being tested, as opposed to the control group which does not.

Random Assignment

A method used in experiments to distribute participants randomly across different groups to ensure unbiased results.