A．There was an interesting start and a well-organized end.B．There was a natural transi
A. There was an interesting start and a well-organized end.
B. There was a natural transition from its introduction to the following part.
C. The part about the western development was good.
D. The whole lecture was over-detailed and formless.
Which of the following is not true？______.
A. GAAP requires that businesses use accrual-basis accounting.
B. In accrual-basis accounting, when the business performs a service, makes a sale, or incurs an expense, the accountant should record the transaction, whether or not cash has been received or paid.
C. In cash-basis accounting, cash receipts are treated as revenues and cash payments are handled as expenses.
D. Accrual-basis accounting records only noncash transactions such as sales on account, depreciation expense, accrual of interest and other expenses incurred but not yet paid.
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