Massachusetts Medical Society: Question 1

Question 1

 

Question:

 

How is cash accounting different from accrual accounting?

 

 

 

Answers

Answer:

The matching principle is replaced by measuring the cash in and out
 

 

Correct Answer? 

 

Explanation:

 

Answers

Answer:

It does not recognize transactions when cash is exchanged
 

 

Correct Answer? 

 

Explanation:

 

Answers

Answer:

There is no difference
 

 

Correct Answer? 

 

Explanation:

 

 

Format:

Radio buttons (single select)

 

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