An expense occurred in 2013,and it is not paid until 2014.Using cash-basis accounting,the expense should appear on:

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Using cash-basis accounting, expenses are recorded when they are paid, not when they are incurred. Therefore, the expense should appear on the 2014 income statement, when it is actually paid. It should not appear on the 2013 income statement since it was not paid until the following year.

An Expense Occurred in 2013,and It Is Not Paid Until