Revenues for a firm can be recorded: (Select one)

a. When cash is received if the company is on the accrual basis of accounting.

b. When there is reasonable certainty as to the collectability of the asset (usually cash) to be received and the revenue has been earned.

c. When a customer is billed if the company is on the cash basis of accounting

d. When a company receives an order from a customer, provided there is a purchase order given to the company by the customer