A system in which accounting entries are made on the basis of amounts having become due for payment or receipt is called a) Cash concept b) Accrual concept c) Matching concept d) On-going concept

A system in which accounting entries are made on the basis of amounts

1.	A system in which accounting entries are made on the basis of amounts having become due for payment or receipt is called a) Cash concept b) Accrual concept c) Matching concept d) On-going concept
Answer» b) Accrual concept

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A system in which accounting entries are made on the basis of amounts having become due for payment or receipt is called a) Cash concept b) Accrual concept c) Matching concept d) On-going concept

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