If a Company Is Using the Cash-Basis Method of Accounting,when

question 34

Multiple Choice

If a company is using the cash-basis method of accounting,when is revenue recorded?

• A)When cash is received,at a time after the services were rendered
• B)When services are rendered,even though cash may be received at a later date
• C)When cash is received,either prior to the services being rendered or at a time after the services were rendered
• D)When cash is received,prior to the services being rendered

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