Flashcards
ACC 101
Cards in this deck (5)
- 1Cash Method: Revenue/Gain =_________ in cash
- 2Cash Method: Decreases/Losses =__________ in cash
- 3Accrual Method: Revenues/Gains are recognized when:earned and measurable
- 4Accural Method: Expenses/Losses are recognized whenincurred (used a resource to generate revenue)
- 5In general, try to ______ revenues and expensesmatch
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- Description
- Chapter 3: Measuring Business Income: Adjusting the Accounts
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- smjackson7
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