For each of the following sentences ,select the word or group of words that best completes the statement.
$$\begin{array} { l l l }
\text { Matching } & \text { Cash basis } & \text { Measurement } \
\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \
\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }
\end{array}$$
-The ____________________ of accounting is a system in which revenues are recognized when payments are received and expenses are recognized when payments are made.

Question

For each of the following sentences ,select the word or group of words that best completes the statement.
$$\begin{array} { l l l } 
\text { Matching } & \text { Cash basis } & \text { Measurement } \
\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \
\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }
\end{array}$$
-The ____________________ of accounting is a system in which revenues are recognized when payments are received and expenses are recognized when payments are made.

Quizplus · Accepted Answer

The Answer of For each of the following sentences ,select the word or group of words that best completes the statement.
$$\begin{array} { l l l } 
\text { Matching } & \text { Cash basis } & \text { Measurement } \
\text { Deferred revenue } & \text { Adjustments } & \text { Deferred expense } \
\text { Accrual basis } & \text { Recognition } & \text { Accrued asset }
\end{array}$$
-The ____________________ of accounting is a system in which revenues are recognized when payments are received and expenses are recognized when payments are made.

For Each of the Following Sentences ,Select the Word or Group