Which of the following accounts is not used in cash-basis accounting?
A)payables
B)revenue
C)equity
D)expenses

Name: Which of the following accounts is not used in cash-basis accounting? A)payables B)revenue C)equity D)expenses
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Question

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In cash-basis accounting, expenses and revenues are recognized when cash is exchanged, and there is no use of payables or receivables accounts, which are used in accrual accounting to track amounts owed or owing before cash changes hands.

Which of the Following Accounts Is Not Used in Cash-Basis