Accountıng I Deneme Sınavı Sorusu #1313659
Which of the followings is correct about accrual basis accounting?
|
Revenues are recorded when the cash is received. |
|
Expenses are recorded when they are paid. |
|
Expenses are recorded when cash is received. |
|
Revenues are recored when services are performed. |
|
Revenues are recorded when expenses are incurred. |
Yanıt Açıklaması:
In accrual basis accounting, companies record revenues when they perform services (rather than when they receive cash) and record expenses when they are incurred (rather than when paid). The correct answer is D.
Yorumlar
- 0 Yorum