问题详情

Which of the following is not true？______.
A．GAAP requires that businesses use accrual-basis accounting.
B．In accrual-basis accounting, when the business performs a service, makes a sale, or incurs an expense, the accountant should record the transaction, whether or not cash has been received or paid.
C．In cash-basis accounting, cash receipts are treated as revenues and cash payments are handled as expenses.
D．Accrual-basis accounting records only noncash transactions such as sales on account, depreciation expense, accrual of interest and other expenses incurred but not yet paid.请帮忙给出正确答案和分析，谢谢！