Accounting for revenue using the cash basis of accounting means that no entry is made to the revenue account until the cash is r

Question

kaheart [24]

3 years ago

10

Accounting for revenue using the cash basis of accounting means that no entry is made to the revenue account until the cash is r

eceived. true or false.

Business

1 answer:

lakkis [162] · Answer 1 · 2022-01-04T14:02:24+03:00

lakkis [162]3 years ago

4 0

It is true that a<span>ccounting for revenue using the cash basis of accounting means that no entry is made to the revenue account until the cash is received. When the cash basis is used, revenue is not recorded until the cash is actually received. </span>