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.

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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Chapter 1: Introduction to Book - Keeping and Accountancy - Exercises [Page 17]

Chapter 1 Introduction to Book - Keeping and Accountancy
Exercises | Q 3. 2) | Page 17

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