Which of the Following Is One of the Conditions for Recognition

question 57

Multiple Choice

Which of the following is one of the conditions for recognition of an expense?

• A)There is a reasonable expectation that cash will be paid.
• B)The expense will be recognized only when cash is paid.
• C)The goods will be delivered or the services will be provided within the accounting cycle.
• D)The goods or services are used to produce revenue.