Under accrual accounting, revenue is recorded:

A) when the cash is received, regardless of when the services are performed.
B) when the services are performed, regardless of when the cash is received.
C) at the end of every month.
D) only if the cash is received at the same time the services are performed.

B

Business

You might also like to view...

A change in zoning from multifamily to single-family use would be an example of

A. Down zoning B. Up zoning C. A variance D. Spot zoning

Business

Game theory assumes that players behave:

A) logically. B) emotionally. C) rationally. D) A, B, and C E) A and B

Business