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.
Bank interest is when you leave money in the bank for saving purposes. Then the money stays in the bank and you get money for keeping your money in the bank.
A country with an absolute advantage over another country achieves this if their production costs are lower.
Absolute advantage means a company or individual out perform another more efficiently. In this case, if two companies are making a product and one selling them for the same price, but one company can make the product for cheaper, they have an absolute advantage.
Since smoking is very popular. (1 billion people smoke) It would be very important if they start with researching about smoking, so they can hopefully reduce the amount of smokers in the world.
The act of purposely underpaying or not paying taxes at all is known as tax evasion.
