When does a company account for revenue if it uses cash basis accounting? B....

70.2K

Verified Solution

Question

Accounting

When does a company account for revenue if it uses cash basis accounting?
B. before services are performed
C. when the services are being performed
D. when services are performed, even though cash may be received at a later date
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students