The accounting method that reports incomes when earned and expenses when incurred is called?
FINANCIAL
JAMB 2005
The accounting method that reports incomes when earned and expenses when incurred is called?
- A. cash accounting
- B. commitment accounting
- C. fund accounting
- D. accrual accounting
Correct Answer: D. accrual accounting
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *