505800
Description
Flashcards by smjackson7, updated more than 1 year ago
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Created by smjackson7
almost 12 years ago
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| Question | Answer |
| Cash Method: Revenue/Gain = | _________ in cash |
| Cash Method: Decreases/Losses = | __________ in cash |
| Accrual Method: Revenues/Gains are recognized when: | earned and measurable |
| Accural Method: Expenses/Losses are recognized when | incurred (used a resource to generate revenue) |
| In general, try to ______ revenues and expenses | match |
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