When does a company account for revenue if it uses cash basis accounting? when s
ID: 3199325 • Letter: W
Question
When does a company account for revenue if it uses cash basis accounting?
when services are performed, even though cash may be received at a later date
when cash is received, either prior to, at the time of, or after the services are performed
when the services are being performed
when cash is received after the service is performed
when services are performed, even though cash may be received at a later date
when cash is received, either prior to, at the time of, or after the services are performed
when the services are being performed
when cash is received after the service is performed
Explanation / Answer
Option B is correct.
When cash is recieved , either prior to, at the time of, or after the services are performed.