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.

Produits Par Bayt.com

Utilisez l'Appli de Bayt.com

Communiquez avec les autres et partagez vos connaissances professionnelles

The accrual basis of accounting records revenues when they are:

Recherches Populaires

More Questions Like This