Question:One of the following statements about the accrual basis of accounting is false. That statement is: 

A Events that change a company's financial statements are recorded in the periods in which the events occur. 
B Revenue is recognized in the period in which it is earned. 
C This basis is in accord with generally accepted accounting principles. 
D Revenue is recorded only when cash is received and expense is recorded when cash is paid. 

+ Answer
D 

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Md. Saydul Alam

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