Which of the following relates to cash basis of accounting?
A Accruals and prepayments are considered
B Debtors and creditors are recorded
C Fixed assets are written off in the year of purchase
D Profits are maximized
Answer is A
Tutors, Past Questions and Projects.
Which of the following relates to cash basis of accounting?
A Accruals and prepayments are considered
B Debtors and creditors are recorded
C Fixed assets are written off in the year of purchase
D Profits are maximized
Answer is A
