You are an intern at Tee & Tee Builders. It was important for the manager to acknowledge the accrual basis of accounting to

record transactions. Explain what the accrual basis of accounting mean to him?

A$.$ Transactions are recorded when cash is received or paid

B$.$ Transactions are recorded only when they significantly impact profits

C$.$ Transactions are recorded on the last day of each month

D$.$ Transactions are recorded when they are incurred, regardless of when cash is exchanged