An accountant records revenue when earned under which basis of accounting?
A)cash-basis
B)accrual
C)tax
D)financial

Name: An accountant records revenue when earned under which basis of accounting? A)cash-basis B)accrual C)tax D)financial
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Question

Quizplus · Accepted Answer

Under the accrual basis of accounting, revenue is recorded when it is earned, regardless of when the cash is actually received. This contrasts with the cash basis of accounting, where revenue is recorded only when cash is received.

An Accountant Records Revenue When Earned Under Which Basis of Accounting