Question

Which of the following are advantages of accrual basis accounting? (Select two answers.)

A it means you don't have to use receipts or invoices

B it meets GAAP standards

C it is good at tracking cash flow

D it allows you to track money that is owed but not yet paid

E it records transactions only when cash changes hands

Answer 1

hi

Answer 2

hello

Answer 3

hello

Answer 4

i think it is a and c

Answer 5

medal

Answer 6

@super123 tried that, actual answer were B and D but i only had 1 chance at answering. no medal