Related InterviewSolutions

• Under Accrual Basis of AccountingA. both Cash and Credit transactions are recorded .B. only credit transactions are recorded.C. None of the above.D.
• Accrual Basis of AccountingA. does not give a true and fair view of profit and financial position.B. gives a true and fair view of profit and financial position.C. may of may not give a true and fair view of profit and financial position.D. None of the above.
• Accrual Basis of Accounting recognisesA. Outstanding and Prepaid Expenses.B. Accrued Incomes and Incomes Received in Advance.C. Both (a) and (b).D. None of the above.
• Discuss Cash and Accrual Basis of Accounting.
• Under the Cash Basis of Accounting, expenses are recordedA. on payment.B. on being incurred.C. either (a) or (b) .D. None of these.