Which of the following is NOT a basic principle of accounting? a) Accrual basis (recognizing revenue when earned and expenses when incurred) b) Cash basis (recognizing revenue when received and expenses when paid) c) Double-entry bookkeeping (recording every transaction twice) d) Triple-entry bookkeeping (There's no such thing as triple-entry bookkeeping.

Which of the following is NOT a basic principle of accounting? a) Accrual basis (recognizing revenue when earned and expenses when incurred) b) Cash basis (recognizing revenue when received and expenses when paid) c) Double-entry bookkeeping (recording every transaction twice) d) Triple-entry bookkeeping (There's no such thing as triple-entry bookkeeping.

Foundations of Business - Standalone book (MindTap Course List)

4th Edition

ISBN:9781285193946

Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Publisher:William M. Pride, Robert J. Hughes, Jack R. Kapoor

Chapter15: Using Management And Accounting Information

Section: Chapter Questions

Problem 24CC

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