πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    Question

    Under cash basis accounting, revenue is recorded

    when:
    A Earned, irrespective of cash receipt Correct Answer Incorrect Answer
    B Cash is received Correct Answer Incorrect Answer
    C Credit is extended Correct Answer Incorrect Answer
    D Invoice is issued only Correct Answer Incorrect Answer
    E At year end only Correct Answer Incorrect Answer

    Solution

    Cash basis recognises revenue on receipt of cash.

    Practice Next
    More Accounts Questions
    ask-question