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How does the recognition of revenue under the accrual accounting method differ from the cash accounting method? A ) Revenue is recorded when cash is
How does the recognition of revenue under the accrual accounting method differ from the cash accounting method? A Revenue is recorded when cash is received in accrual accounting, while it is recorded when earned in cash accounting. B Revenue is recognized when earned in accrual accounting, while it is recognized when cash is received in cash accounting. C Revenue recognition is the same in both accrual and cash accounting methods. D Revenue is recognized based on the company's discretion in accrual accounting, while it is strictly based on cash receipts in cash accounting.
How does the recognition of revenue under the accrual accounting method differ from the cash accounting method?
A Revenue is recorded when cash is received in accrual accounting, while it is recorded when earned in cash accounting.
B Revenue is recognized when earned in accrual accounting, while it is recognized when cash is received in cash accounting.
C Revenue recognition is the same in both accrual and cash accounting methods.
D Revenue is recognized based on the company's discretion in accrual accounting, while it is strictly based on cash receipts in cash accounting.
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