- Check My Work a. At the end of an accounting period, there may be revenue that has been eamed but has not been recorded, In such cases, the revenue is increased. What account when you are receiving cash later? b. If the cash basis rather than the acerual basis had been used, would an adjusting entry have been necessary? Feedoack - Check My Work (u) b. Pecall that unider cash basis, the net income (or net loss) is the difference between the cash receipts (revenues) and the cash payments (expenses)