Which of the following accounting methods is the simplest and easiest to use?
A) Cash basis
B) Accrual basis
C) Completed-contract method
D) All of the above

Question

Quizplus · Accepted Answer

The cash basis accounting method is the simplest and easiest to use because it records transactions only when cash changes hands, making it straightforward and less complex than other methods.

Which of the Following Accounting Methods Is the Simplest and Easiest