Under Accrual Accounting, Revenue Is Recorded

question 122

Multiple Choice

Under accrual accounting, revenue is recorded:

• A) when the cash is collected, regardless of when the services are performed.
• B) when the services are performed, regardless of when the cash is received.
• C) either when the cash is received or the sale is made.
• D) only if the cash is received at the same time the services are performed.

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Definitions:

Prospective Employer

An employer with whom an individual might potentially enter into a working relationship.

Job Hunters

Individuals actively seeking employment opportunities, often employing various strategies and tools to find suitable positions.

Resume

A document presenting an individual's background, skills, and accomplishments, typically used for job applications.

Human Resources

A business function and department responsible for managing employment-related aspects, including hiring, training, compensation, and employee relations.