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1 November, 18:51

9. When is revenue recognized under accrual accounting?

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  1. 1 November, 18:53
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    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.
  2. 1 November, 19:08
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    Answer: Accrual accounting method recognizes and reports revenue when it is earned irrespective of when it is received.
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