Charles Associates is an accounting firm that provides accounting services to many companies across the United States.The company follows an accounting system where it records revenue only when the money is actually received.Identify the accounting system that this company is using.

Question

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A)If a business runs on a cash basis, it records revenue only when money from the sale is actually received. Charles Associates is following such a system here.
B)If a business runs on a cash basis, it records revenue only when money from the sale is actually received. Charles Associates is following such a system here.
C)If a business runs on a cash basis, it records revenue only when money from the sale is actually received. Charles Associates is following such a system here.
D)If a business runs on a cash basis, it records revenue only when money from the sale is actually received. Charles Associates is following such a system here.
E)If a business runs on a cash basis, it records revenue only when money from the sale is actually received. Charles Associates is following such a system here.

Charles Associates Is an Accounting Firm That Provides Accounting Services