3.1-6 Under accmal basis accounting, an expense is recorded ONLY when the cash is paid out. 3.17 Under cashbasis accounting, an expense is recorded ONLY when cash is paid out. 3.18 Generally accepted accounting principles require the use of accrual accounting. 3.19 If a company is using the accrual method of accounting, when is revenue recorded? A) When cash is received, even though services may be rendered at a later date B) When services are rendered, even though cash may be received at a later date C) 1iWhen cash is received, before the completion of the services D) When cash is received, 30 days after the completion of the services 3.110 If a company is using the cash-basis method of accounting, when is revenue recorded? A) When services are rendered, even though cash may be received at a later date B) Men cash is received, prior to the services being rendered C) When cash is received, at a time after the services were rendered D) When cash is received, either prior to the services being rendered or at a time after the services were rendered