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ACCOUNTING

JAMB 2005 - Question 49

Account 2005 JAMB Past Questions - Question 49: The accounting method that reports incomes when earned and expenses when incurred is called

Choose the most appropriate option for the gap .

The accounting method that reports incomes when earned and expenses when incurred is called

A: cash accounting

B: commitment accounting

C: fund accounting

D: accrual accounting

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ACCOUNTING

Account 2005 JAMB Past Questions - Question 49: The accounting method that reports incomes when earned and expenses when incurred is called

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Correct Answer

Explanation