商业财务第 1171 / 1605 题
Which record-keeping method records revenue when it is EARNED and expenses when they are INCURRED, regardless of when cash changes hands?
a.Petty-cash accounting
b.Cash-basis accounting
c.Single-entry only
d.Accrual-basis accounting
解析
Accrual accounting recognizes revenue when earned and expenses when incurred, matching them to the correct period even if cash is received or paid later. This gives a more accurate picture of profitability on long jobs than cash-basis accounting, which records only actual cash movements.
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