While certain distinctive problems may arise in keeping the accounts of any specific enterprise,the principles of accounting on the cash basis are generally the same.

Name: While certain distinctive problems may arise in keeping the accounts of any specific enterprise,the principles of accounting on the cash basis are generally the same.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The statement is correct, the basic principles of accounting on the cash basis remain the same for most enterprises.

While Certain Distinctive Problems May Arise in Keeping the Accounts