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Home Q & A Board Other Fields Homework Help Business Accounting
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H3Ko H3Ko
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7 years ago
If a company is using accrual basis accounting, when should it record revenue?
A) when cash is received, 30 days after the completion of the services
B) when services are performed, even though cash may be received at a later date
C) when cash is received, even though services may be performed at a later date
D) when services are performed and cash is received
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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TanksTanks
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7 years ago
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H3Ko Author
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#2
7 years ago
Really appreciate your help. Sorry for taking so long to thank you, you deserve the recognition.
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