Question

question 6
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accrual basis records:
select one:
a. when earned or incurred
b. only for taxes
c. single - entry only
d. when cash moves

Explanation:

The accrual basis of accounting recognizes revenues when earned (regardless of cash receipt) and expenses when incurred (regardless of cash payment). Option b is incorrect because accrual basis is not limited to taxes; option c is wrong as accrual uses double-entry, not single-entry; option d describes cash basis, not accrual. Thus, the correct answer is a.

Answer:

a. When earned or incurred