Recognition of revenue when earned and the matching of expenses when incurred describes which of the following practices?
A . Business accounting
B . Cash basis accounting
C . IASB accounting
D . Accrual accounting
Answer: D
Recognition of revenue when earned and the matching of expenses when incurred describes which of the following practices?
A . Business accounting
B . Cash basis accounting
C . IASB accounting
D . Accrual accounting
Answer: D