Which transaction would not be recorded under cash-basis accounting? Answer Providing services to customers for cash. Purchasing one year of rent in advance. Paying salaries to employees. Purchasing supplies on account.

Which transaction would not be recorded under cash-basis accounting?
Answer

		Providing services to customers for cash.
		Purchasing one year of rent in advance.
		Paying salaries to employees.
		Purchasing supplies on account.

Answer
Purchasing supplies on account.