The purpose of the accrual basis of accounting is to:
A. Report revenue when received.
B. Match assets and liabilities in the proper period.
C. Report expenses when cash disbursements are made.
D.Match revenues and expenses in the proper period.
Answer:D
The purpose of the accrual basis of accounting is to:
A. Report revenue when received. B. Match assets and liabilities in the proper period. C. Report expenses when cash disbursements are made. D.Match revenues and expenses in the proper period.