An accounting method that records revenues and expenses when they occur, not when cash actually changes hands, is called which of the following?

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Quizplus · Accepted Answer

Accrual accounting records revenues and expenses when they occur, not when cash actually changes hands. Cost accounting focuses on analyzing the costs of producing and selling products or services. Asset based accounting focuses on the value of the assets owned by a company. Present value accounting is a method used to calculate the present value of future cash flows.

An Accounting Method That Records Revenues and Expenses When They