If income and expenses are measured when the transactions occur, regardless of the physical flow of cash, then a hospital is operating on what accounting basis?

Name: If income and expenses are measured when the transactions occur, regardless of the physical flow of cash, then a hospital is operating on what accounting basis?
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

If income and expenses are measured when the transactions occur, regardless of the physical flow of cash, then a hospital is operating on an accrual basis.

If Income and Expenses Are Measured When the Transactions Occur