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Accounting & Finance
 Online Tutoring : Forum : Quiz Questions - Economics & Business Studies : Accounting & Finance
Topic Topic: The accrual concept Post ReplyNew Question
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Joined: 26 June 2005
Posts: 918
Posted: 20 November 2005 at 4:44pm | IP Logged Quote System

The recognition of revenues and expenses when they are earned and incurred, respectively, is an application of...
    A.   the cash basis of accounting
    B.   the accrual concept
    C.   the going concern concept
    D.   revenue recognition
    E.   None of the above
 QUIZ QUESTION #1662 created by Tutor11700 on 03 November 2005 at 9:47am

Correct answer: B    Correct clicks: 46.05%  Wrong clicks: 53.95%
    A.   [19 clicks 25.00%] 
    B.   [35 clicks 46.05%] 
    C.   [9 clicks 11.84%] 
    D.   [11 clicks 14.47%] 
    E.   [2 clicks 2.63%] 
Please discuss this quiz question.
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