Under Accrual Accounting When Is Revenue Recognized

question 90

Multiple Choice

Under accrual accounting when is revenue recognized?

• A)When cash is received, and expenses when cash is paid
• B)When cash is received, and expenses when the costs are incurred.
• C)When earned, and expenses when incurred.
• D)When earned, and expenses when cash is paid.

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Definitions:

Documentation

The process of systematically recording patient information, treatments, and clinical decisions for reference and compliance purposes.

Patient Care

The services provided by health professionals to individuals seeking help for maintaining, improving, or managing their physical or mental health conditions.

SOAP Format

A standardized method of documentation in healthcare that stands for Subjective, Objective, Assessment, and Plan.

Documentation

The process of systematically recording and organizing information, often used in healthcare, engineering, and business contexts for clarity and compliance.