Question

If accounts receivable increase during the period,revenues on an accrual basis are less than revenues on a cash basis.expenses on an accrual basis are greater than expenses on a cash basis.revenues on an accrual basis are greater than revenues on a cash basis.revenues on an accrual basis are the same as revenues on a cash basis.

Answer 1

In this case, they would understand the revenue, report the money owed receivable fee, and record the expenses for the sale all at the same time.

Revenue is the total quantity of earnings generated with the aid of the sale of goods or services associated with the business enterprise's number one operations. sales, also referred to as gross sales, is frequently referred to as the "top line" as it sits on the top of the profits announcement. earnings, or internet income, is a business enterprise's total income or income.

Revenue = fee of goods or offerings × variety of units offered or quantity of customers. for instance, if a corporation sells 10 computer systems at ₹50,000 each, it can use this system to calculate its gross revenue: Gross sales = ₹50,000 × 10 = ₹500,000.

Revenue refers to the overall income a company generates via its center operations like sales of services or products, rents on a property, routine payments, interest on borrowings, and so on. sales calculations come earlier than doing away with any fees, together with discounts and returns.

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