Accrual accounting:

Choose one answer.

a.

Recognises expenses when the cash has been paid.

b.

recognises expenses when they may possibly occur.

c.

recognises expenses when they have been incurred (econimic benefits used up) regardless of whether the cash hasor has not been paid.

d.

recognises expenses when the cash from sales is available.

e.

recognises expenses when they have been earned.