高顿网校小编为各位ACCA学员整理了一些考试必备知识点的解析和练习，希望大家查漏补缺，对考试有所帮助。
 
　　Cash Basis Accounting
 
　　★Concept:
 
　　Accounting that records only transactions in which cash is received or paid.
 
　　★Tips:
 
　　1.Cash-basis accounting records only cash transactions:cash receipts and cash payments. Cash receipts are treated as revenues, and cash payments are handled as expenses.
 
　　★Sample:
 
　　【single selection】Masters Consulting had the following selected transactions in August. Which transaction would not be recorded under the cash basis accounting（  ）
 
　　A．Prepaid insurance for August through December, $1,000.
 
　　B．Purchased software for cash, $800.
 
　　C．Purchased computer on account,$1,600.
 
　　D．Paid account payable from August 19.
 
　　Answer: C

 
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