Which of the following types of transactions may not typically be accounted for using the cash method?
A) sales of inventory.
B) services.
C) purchases of machinery.
D) payments of debt.
E) sales of securities by an investor.

Question

Quizplus · Accepted Answer

Sales of inventory are typically accounted for using the accrual method, as it provides a more accurate matching of revenues and expenses.

Which of the Following Types of Transactions May Not Typically