An accountant who records a transaction only when cash is received or disbursed is using which basis of accounting?

Name: An accountant who records a transaction only when cash is received or disbursed is using which basis of accounting?
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Question

Quizplus · Accepted Answer

The accountant is using cash basis accounting which records transactions only when cash is received or disbursed, rather than when the transaction occurs or is completed (as in accrual basis accounting).

An Accountant Who Records a Transaction Only When Cash Is