Revenues are recorded the same under accrual and modified accrual accounting. The difference in the two methods applies only to expenses/expenditures.

Question

Quizplus · Accepted Answer

Revenues follow different recognition criteria between the two bases.
Accrual accounting recognizes revenues when they are earned and recognizes expenses when the related goods or services are used up. Under modified accrual accounting, revenues are recorded when they are both measurable and available to finance expenditures of the current period. Expenditures, not expenses, are recognized in the period in which the fund liability is incurred.

Revenues Are Recorded the Same Under Accrual and Modified Accrual