What is the primary principle of accrual basis accounting?
Recording revenues when cash is received and expenses when cash is paid
Recording only cash transactions
Recording only credit transactions
Recording revenues when earned and expenses when incurred
Which of the following is a characteristic of accrual basis accounting?
It matches revenues with expenses in the period they are incurred
It recognizes revenues when cash is received
It ignores the timing of cash flows
It recognizes expenses when cash is paid
In accrual basis accounting, when are expenses recorded?
When the expense is budgeted
When the expense is incurred
When the invoice is received
When cash is paid
Which of the following statements is true about accrual basis accounting?
It does not require adjusting entries
It provides a more accurate picture of a company's financial position
It is simpler than cash basis accounting
It is only used by small businesses
What is the main difference between accrual basis and cash basis accounting?
Accrual basis records transactions when they occur, while cash basis records when cash is exchanged
Accrual basis is used only by individuals, while cash basis is used by businesses
Accrual basis records transactions when cash is exchanged, while cash basis records when transactions occur
Accrual basis does not require financial statements, while cash basis does
Which of the following statements are true about accrual basis accounting?
Revenues are recognized when earned, regardless of when cash is received.
Expenses are recognized when incurred, regardless of when cash is paid.
It provides a more accurate picture of a company's financial position.
It is simpler to use than cash basis accounting.
What are the key characteristics of accrual basis accounting?
It records transactions when cash is exchanged.
It matches revenues with expenses in the period they occur.
It is required by Generally Accepted Accounting Principles (GAAP).
It is primarily used by small businesses.
Which of the following are advantages of accrual basis accounting?
It provides a clearer picture of long-term financial health.
It is easier to implement than cash basis accounting.
It helps in better financial planning and analysis.
It is less time-consuming than cash basis accounting.
In accrual basis accounting, which of the following statements are correct?
Revenue is recorded when cash is received.
Expenses are recorded when they are incurred.
It is used by most large corporations.
It does not require adjusting entries.
Accrual basis accounting recognizes revenues when they are earned, regardless of when cash is received.
In accrual basis accounting, expenses are recorded only when cash is paid.
Accrual basis accounting is not concerned with the timing of cash flows.
请将以下选项按照权责发生制会计的基本原则进行排序
确认收入
记录交易
确认费用
编制财务报表
请将以下会计术语与其对应的定义进行匹配
Accrual Basis Accounting
A method of accounting where revenues and expenses are recorded when they are earned or incurred, regardless of when cash is received or paid.
Revenue Recognition Principle
The principle that revenue should be recognized in the accounting period in which it is earned.
Matching Principle
The principle that expenses should be matched with the revenues they help to generate in the same accounting period.
Prepaid Expenses
Expenses paid in advance and recorded as assets until they are used or consumed.
Accrued Expenses
Expenses that have been incurred but not yet paid or recorded.
某企业6月份purchase10 000元办公用品已交付使用，prepaid第三季度办公用房rent45000元，支付第二季度short-term loan interest6000元，其中4月和5月cummulate计提interest4000元。不考虑其他因素，在权责发生制下，该企业6月份应确认的期间expenses为（）元。
12000
10000
6000
5000