题目内容

A _ is more flexible than cash basis.B Credit purchases are recorded in _ .

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A are expenses that are paid in advance.B records only the exchange of cash.

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

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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.

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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

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A _________________________________ is more flexible than cash basis.B Credit purchases are recorded in _________________________________ .

A ________________________________are expenses that are paid in advance.B ________________________________ records only the exchange of cash.

What is the passage mainly about?

Prepaid expenses are

Cash basis accounting

A _ is more flexible than cash basis.B Credit purchases are recorded in _ .

A are expenses that are paid in advance.B records only the exchange of cash.