The correct answer is D. In cash basis accounting, revenue is recognized only when cash is received and expenses are recognized only when cash is paid. Therefore, revenue is not recognized when earned and expenses are not recognized when incurred.
Who among the following sits opposite to E?
Who among the following sits to the immediate left of O?
Six teachers S, T, U, V, W and X are sitting around a circular table (not necessarily in the same order ). W is third to the left of U. T is on the imm...
Who among the following pairs sit on the same side?
Who among the following person sits second to the right of M?
Who among the following does not belong to the group?
Which of the following statement is not true?
Who sits 5th to the right of the one who is behind U?
Who sits immediate left of Q?
Who among the following person faces E?
