Accounting Bases – NBC Institute

FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Discuss the three bases of accounting on which transactions are recognized and measured.

Question

There are three bases of accounting on which transactions are recognized and measured.

Required:
Discuss these three bases of accounting.

Answer

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Tags: Accounting Bases, Accruals, Break-up Basis, Cash Basis
Level: Level 2

Topic: Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)
Series: NOV 2021

FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash

A question regarding the bases used in preparing financial statements.

Question

Which of the following bases is used in preparation of financial statements?
A. Break up basis
B. Cash basis
C. Accrual basis
D. Modified cash basis
E. Commitment basis

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Bases, Accrual, Cash Basis, Financial Statements
Level: Level 1

Topic: Bases of Accounting: Accrual vs. Cash
Series: MAY 2016

FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Discuss the three bases of accounting on which transactions are recognized and measured.

Question

There are three bases of accounting on which transactions are recognized and measured.

Required:
Discuss these three bases of accounting.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Bases, Accruals, Break-up Basis, Cash Basis
Level: Level 2

Topic: Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)
Series: NOV 2021

FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash

A question regarding the bases used in preparing financial statements.

Question

Which of the following bases is used in preparation of financial statements?
A. Break up basis
B. Cash basis
C. Accrual basis
D. Modified cash basis
E. Commitment basis

Answer

Find Related Questions by Tags, levels, etc.

Tags: Accounting Bases, Accrual, Cash Basis, Financial Statements
Level: Level 1

Topic: Bases of Accounting: Accrual vs. Cash
Series: MAY 2016

Question Tag: Accounting Bases

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FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Discuss the three bases of accounting on which transactions are recognized and measured.

FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash

A question regarding the bases used in preparing financial statements.

FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Discuss the three bases of accounting on which transactions are recognized and measured.

FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash

A question regarding the bases used in preparing financial statements.

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FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Discuss the three bases of accounting on which transactions are recognized and measured.

You're reporting an error for "FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)"

FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash

A question regarding the bases used in preparing financial statements.

You're reporting an error for "FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash"

FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)

Discuss the three bases of accounting on which transactions are recognized and measured.

You're reporting an error for "FR – Nov 2021 – L2 – Q3a – Accounting Policies, Changes in Accounting Estimates, and Errors (IAS 8)"

FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash

A question regarding the bases used in preparing financial statements.

You're reporting an error for "FA – May 2016 – L1 – SA – Q1 – Bases of Accounting: Accrual vs. Cash"

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