Answered step by step
Verified Expert Solution
Question
1 Approved Answer
5. If revenues are recognised only when cash is received from the customer, what method of accounting is being used? Matching basis Accrual basis Cash
5. If revenues are recognised only when cash is received from the customer, what method of accounting is being used?
|
| Matching basis |
|
| Accrual basis |
|
| Cash basis |
|
| Recognition basis |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence Cunningham
6th Edition
0314280456, 978-0314280459
