Answer:
B is the correct option, because it indicates that rent expense was only recognized in the books of account when paid for in cash.
Explanation:
Cash basis of accounting simply implies that an organization that adopts it recognizes income when received and expense when paid for in cash.
The above is different from accrual basis,where income is recognized when earned(when obligation is discharged by the seller) and expense when incurred(when the goods involved or services have been received)
All other options except B have something to do with payment on account,hence they are wrong.
The person who receives financial protection from a life insurance plan is called a beneficiary. I hope that I helped, Have a wonderful day!
Answer:
Oral/aural transmission. To begin with, pieces of music could only be passed orally from one person to the next. ...
Manuscripts. ...
Printing and publishing. ...
Recording.
