_________ system records only actual cash receipts and paymentsa) Cash basis b) Accrual basis c) Mercantile basis d) Single entry basis

_________ system records only actual cash receipts and paymentsa) Cash

1.	_________ system records only actual cash receipts and paymentsa) Cash basis b) Accrual basis c) Mercantile basis d) Single entry basis
Answer» Cash basis system records only actual cash receipts and payments

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_________ system records only actual cash receipts and paymentsa) Cash basis b) Accrual basis c) Mercantile basis d) Single entry basis

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