what is the accounting system where you record revenue when the business earns it,and expenses at the time the business incurs them?
(a)cash
(b)GAAP
(c)accrual
(d)COGS
my answer is
c
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
(d)COGS
my answer is c