Under the accrual basis of accounting, revenues are reported in the accounting period when the Cash Is Received Or Goods Have Been Delivered?

Service Or Goods Have Been Delivered

Under accrual basis, revenue is recorded when services have been rendered and goods have been delivered. Whereas in cash basis, revenue is recorded when cash is received notwithstanding the time on which the services have been rendered or good have been delivered.

Revenue is recognized in the book of account when goods have been delivered in accordance with the purchase order