Sales are recorded under cash basis accounting when:
A)The goods or services are provided regardless of whether the cash is collected from the customers
B)The bookkeeper has time to record the transactions
C)The cash is collected from the customers
D)The costs are incurred to earn the revenue

Question

Quizplus · Accepted Answer

Under cash basis accounting, sales are recorded only when cash is actually received from customers, not when the goods or services are provided.

Sales Are Recorded Under Cash Basis Accounting When