What is the basis of accounting used in accounting for not-for-profit health care organizations?

Question

Quizplus · Accepted Answer

Not-for-profit health care organizations typically use the accrual basis of accounting. This method recognizes revenues when they are earned and expenses when they are incurred, regardless of when cash is received or paid. This approach provides a more accurate picture of an organization's financial position and operations.

What Is the Basis of Accounting Used in Accounting for Not-For-Profit