________ is an accounting method in which revenue is recorded when a sale is made,and expense is recorded when it is incurred.
A) Accrual basis
B) Cash basis
C) Profit basis
D) Depreciation
E) Deferral basis

Question

Quizplus · Accepted Answer

A)Accrual basis is an accounting method in which revenue is recorded when a sale is made, and expense is recorded when it is incurred rather than deferring it.
B)Accrual basis is an accounting method in which revenue is recorded when a sale is made, and expense is recorded when it is incurred rather than deferring it.
C)Accrual basis is an accounting method in which revenue is recorded when a sale is made, and expense is recorded when it is incurred rather than deferring it.
D)Accrual basis is an accounting method in which revenue is recorded when a sale is made, and expense is recorded when it is incurred rather than deferring it.
E)Accrual basis is an accounting method in which revenue is recorded when a sale is made, and expense is recorded when it is incurred rather than deferring it.

________ Is an Accounting Method in Which Revenue Is Recorded