What is the one correct statement?

Group of answer choices

In cash basis of accounting, revenues are recorded when the organization has a right to receive the revenues.

Accrual basis of accounting accounts for transactions when they occur.

In accrual basis of accounting, the revenue is reported when the cash payment is received.

In cash basis of accounting, the revenue is recorded when it is measurable.

In accrual basis of accounting, expenditures are recorded when the cash payment is made