What is the passage mainly about?
A. how to account for non-cash assets
B. what items to pay for ahead of time
C. how to use a new type of accounting
D. what purchases can be made on credit
查看答案
Prepaid expenses are
A. a type of payable account.
B. non-cash accounts that involve credit.
C. allocated to expense accounts monthly.
D. a good option with cash basis accounting.
Cash basis accounting
A. is a good way to increase cash.
B. records only the exchange of cash.
C. is more accurate than accrual basis.
D. does not record advance payments
The man chooses cash basis accounting.
A. 对
B. 错
Accrual basis accounting follows cash flow.
A. 对
B. 错
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