Maharashtra State BoardHSC Commerce 11th
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Select the most appropriate alternative from the given below and rewrite the statement. In ____________ basis of accounting, actual cash receipts and actual cash payments are recorded. - Book Keeping and Accountancy

MCQ

Select the most appropriate alternative from the given below and rewrite the statement.

In ____________ basis of accounting, actual cash receipts and actual cash payments are recorded.

Options

  • Accrual

  • Hybrid

  • Cash

  • Mercantile

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Solution

In Cash basis of accounting, actual cash receipts and actual cash payments are recorded.

Concept: Basis of Accounting System - Cash Basis
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
Exercise Q.3 | Q 2 | Page 17
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