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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