If a Company Is Using Accrual Basis Accounting,when Should It

question 121

Multiple Choice

If a company is using accrual basis accounting,when should it record revenue?

• A)when cash is received,even though services may be performed at a later date
• B)when services are performed,even though cash may be received at a later date
• C)when services are performed and cash is received
• D)when cash is received,30 days after the completion of the services

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Definitions:

External Auditory Canal

The external auditory canal is the tube that connects the outer ear to the eardrum, allowing sound to travel to the inner parts of the ear.

Auricle

The auricle, or pinna, is the visible part of the ear that captures sound waves and directs them into the ear canal.

Tympanic Membrane

Also known as the eardrum, a thin membrane that vibrates in response to sound waves, transmitting sound from the outer ear to the middle ear.

Cochlea

A spiral-shaped cavity in the inner ear that is essential for hearing, containing the organ of Corti, which translates sound vibrations into nerve impulses.