Under the accrual basis of accounting, businesses generally record transactions only if those transactions involve cash.

Name: Under the accrual basis of accounting, businesses generally record transactions only if those transactions involve cash.
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Under the accrual basis of accounting, businesses record transactions when they occur, regardless of whether cash has been exchanged. This method recognizes revenues when earned and expenses when incurred, not necessarily when cash is received or paid.

Under the Accrual Basis of Accounting, Businesses Generally Record Transactions