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Under accrual accounting when is revenue recognized? a. When cash is received, and expenses when cash is paid b. When cash is received, and expenses

Under accrual accounting when is revenue recognized?

a.
When cash is received, and expenses when cash is paid

b.
When cash is received, and expenses when the costs are incurred

c.
When earned, and expenses when the costs are incurred

d.
When earned, and expenses when cash is paid

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Previous Question Next Question

	a.	When cash is received, and expenses when cash is paid
	b.	When cash is received, and expenses when the costs are incurred
	c.	When earned, and expenses when the costs are incurred
	d.	When earned, and expenses when cash is paid

Question

Under accrual accounting when is revenue recognized? a. When cash is received, and expenses when cash is paid b. When cash is received, and expenses

Under accrual accounting when is revenue recognized? a. When cash is received, and expenses when cash is paid b. When cash is received, and expenses when the costs are incurred c. When earned, and expenses when the costs are incurred d. When earned, and expenses when cash is paid

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Under accrual accounting when is revenue recognized?

a.
When cash is received, and expenses when cash is paid

b.
When cash is received, and expenses when the costs are incurred

c.
When earned, and expenses when the costs are incurred

d.
When earned, and expenses when cash is paid