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

Option B is correct.

When cash is recieved , either prior to, at the time of, or after the services are performed.

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