3 years ago

9. When is revenue recognized under accrual accounting?

2 answers:

8 0

Answer: Accrual accounting method recognizes and reports revenue when it is earned irrespective of when it is received. In laymen terms, it is recognized when a sale occurs. This recognition task can easily take up several forms as organizations provide different services and commodities to individuals.

saul85 [17]3 years ago

3 0

Answer: Accrual accounting method recognizes and reports revenue when it is earned irrespective of when it is received.

Step-by-step explanation:

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