Under the accrual basis of accounting, revenues are reported in the accounting period when the
a. Cash is received
b. Service or goods have been delivered
c. Contracts have been signed
d. Trading negotiation has been done
e. None of these
Answer: B
Under the accrual basis of accounting, revenues are reported in the accounting period when the
a. Cash is received
b. Service or goods have been delivered
c. Contracts have been signed
d. Trading negotiation has been done
e. None of these
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