The accrual basis of accounting records revenues when they are:

Question

A. Collected

B. Earned

C. Contracted

D. Readily available for use

E. Both B & C

Arslan Ali Khan ali · Answer

B. earned

because income can not be recorded until it is virtually certain (above95%)

Mohammed Imran Shaikh Mohammed Yunus Shaikh · Answer

on accrual basis in accounting you can recognises revenue when they are earned, when the sale is executed or services are rendered

Agabielesin Ilesanmin · Answer

Earned. Because,under the accrual basis of accounting, the receipt of cash and the payment of cash are not the focus of reporting revenues and expenses.

Riaz Ahammed · Answer

The accrual basis of accounting records revenues when they are (B.) Earned.

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The accrual basis of accounting records revenues when they are:

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