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Which of the following is not a comparative accounting system? cash-based accrual all of the above...

Which of the following is not a comparative accounting system?

cash-based

accrual

all of the above

none of the above
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Answer #1

Under accrual basis of accounting incomes are matched with the expenses in the period in which they are earned and incurred irrespective of cash receipts and payments.

Accrual basis is comparative accounting system.

Under cash basis of accounting incomes and expenses are recognised in the period in which the cash is received irrespective of the month in which the transactions took place.

Cash basis is not a comparative accounting system.

cash-based

1st option

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