The accounting period in which service revenue is recognized (i.e.,revenue for services rendered)is generally the period in which the cash is collected.

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The accounting period in which service revenue is recognized is generally the period in which the service is rendered, even if the cash is not collected during that period. This is based on the accrual basis of accounting, which recognizes revenue when it is earned, regardless of when the cash is received.

The Accounting Period in Which Service Revenue Is Recognized (I