Question

Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match revenues and expenses. C. cannot result in the entity having net income unless cash is received from customers. D. means that expenses are recorded when they are paid.

Answer 1

Answer:

The answer is B. is designed to match revenues and expenses.

Explanation:

Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.