October 9, 2015

Homework Help: bookkeeping

Posted by susue on Friday, April 6, 2012 at 10:35am.

what is the accounting system where you record revenue when the business earns it,and expenses at the time the business incurs them?
my answer is

what is the time period called from the time the business opens to the last day of the twelfth month?
(a)inventory year
(b)business year
(c)fiscal year
my answer is c

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