Which of the following accounts would be used under the accrual method of accounting,but NOT under the cash-basis method of accounting?
A) Equipment
B) Salary expense
C) Cash
D) Unearned revenue
Correct Answer:
Verified
Q1: How do the adjusting entries differ from
Q4: Entries that record an expense before the
Q5: Accrual accounting records transactions ONLY when cash
Q5: Which of the following situations would result
Q6: The end-of-period process starts with the:
A)balance sheet.
B)adjusted
Q7: Every time supplies are used during the
Q8: If supplies have been used up during
Q9: Entries that record cash paid out before
Q10: Which of the following accounts would NOT
Q11: If a company is using the cash-basis
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