In the accrual basis of accounting, expenses are recognized when the services are used or the goods are consumed, not when the cash is paid.

Name: In the accrual basis of accounting, expenses are recognized when the services are used or the goods are consumed, not when the cash is paid.
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In the accrual basis of accounting, expenses are recorded when they are incurred, which means when the goods are consumed or the services are used, rather than when the payment is made.

In the Accrual Basis of Accounting, Expenses Are Recognized When