Question
Which of the following statements is true for cash basis
accounting?Solution
The correct answer is D. In cash basis accounting, revenue is recognized only when cash is received and expenses are recognized only when cash is paid. Therefore, revenue is not recognized when earned and expenses are not recognized when incurred.
81, 41, 42, 64.5, ?, 330
- What will come in place of the question mark (?) in the following series?
121, 115, 102, 82, 55, ? What will come in place of the question mark (?) in the following series?
24, 8, 15, ?, 12, 4
4, 12, 36, 108, ?, 396
2.5Â Â Â Â Â Â Â Â Â 1.25Â Â Â Â Â Â Â 1.25Â Â Â Â Â Â Â 1.875Â Â Â Â Â 3.75Â Â Â Â Â Â Â ?
...24, 42, 60, ?, 96, 114
What value should come in the place of (?) in the following number series?
14, 18, ?, 43, 68, 104
What will come in place of the question mark (?) in the following series?
112, 116, 121, ?, 134, 142
30, 43, 58, 75, 94, ?
13, 14, 23, 48, 97, 178, ?
