Which are characteristics of French accrual accounting
Which are characteristics of French accrual accounting? (choose 2)
A. Transactions recorded when incurred, not only when cash is paid
B. Revenue recorded when earned
C. Only cash inflows/outflows are recorded
D. No adjustments at year-end
Answer: A, B
Explanation: French accrual accounting (comptabilité d’engagement) records transactions when they are incurred (expenses) or earned (revenues), regardless of when cash is exchanged. This ensures accurate matching of revenues and expenses. Cash-only recording is single-entry, and year-end adjustments (e.g., accrued expenses) are required in accrual accounting.
