An Accountant Records Revenue When Earned Under Which Basis of Accounting

question 50

Multiple Choice

An accountant records revenue when earned under which basis of accounting?

• A)cash-basis
• B)accrual
• C)tax
• D)financial

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Definitions:

Serial Number

A unique identifier assigned sequentially or randomly to an item for identification and inventory tracking purposes.

Equipment Manual

A comprehensive guide provided by the manufacturer that contains specifics on operating, maintaining, and troubleshooting equipment.

Vendor Investigating

The process of examining and assessing the qualifications and performance of suppliers or vendors to ensure they meet certain standards or requirements.

Availability

The state of being ready for use or able to be reached, contacted, or obtained.