Question

Under cash basis of accounting,expenses are recorded on what basis?

Answer 1

Answer:

hy

Explanation:

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Cash Basis Accounting. Revenue is reported on the income statement only when cash is received. Expenses are only recorded when cash is paid out. The cash method is mostly used by small businesses and for personal finances.

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Answer 2

Answer:

Cash Basis Accounting. Revenue is reported on the income statement only when cash is received. Expenses are only recorded when cash is paid out. The cash method is mostly used by small businesses and for personal finances