Which of the following types of transactions does not result in the immediate recognition of revenue or expense for a small business using the accrual method?

Multiple Choice

• A note received from a customer in exchange for services rendered

• Sales of inventory on account

• All of the choices will result in recognition of revenue or expense using the cash method.

• Credit card payments from customers for services received

• Salaries paid to employees by check

Which of the following types of transactions does not result in the immediate recognition of revenue or expense for a small business using the accrual method? Multiple Choice A note received from a customer in exchange for services rendered Sales inventory on account O All of the choices will result in recognition of revenue or expense using the cash method. Credit card payments from customers for services received Salaries pald to employees by check