During November 2015,Asler Inc

question 161

Multiple Choice

During November 2015,Asler Inc.performs consulting services.The client does not pay Asler until January,2016.

• A) Using the accrual basis of accounting, the revenue is reported in January 2016.
• B) Using the cash basis of accounting, the revenue is reported in November 2015.
• C) Using the accrual basis of accounting, the revenue is reported in November 2015.
• D) Using the accrual basis of accounting, the revenue is reported when Asler's expenses are paid.

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