Which accounting method records a sale when the payment is received from the customer and records the expense when the bill is paid?

a. Cash basis
b. Accrual basis
c. Completed-contract method
d. Calculation basis

a

Business

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The authors identify a tip for understanding BOP accounting. They recommend that you "follow the cash flow."

Indicate whether the statement is true or false.

Business

Lack of supply of insurance:

A) can be the result of inefficient insurance regulation B) is a reason why companies now get their insurance on Bermuda or the Cayman Islands C) is no problem when it comes to risk against earthquakes D) is no problem when it comes to private unemployment insurance

Business