Question

According to Accrual Concept,


A.Transactions and events are recorded in the books at the time of their settlement in cash

B. Transactions and events are recorded in the at the time when they are entered into

C.Transactions and events may be recorded either at the time of settlement or when they are entered into

D. None of the Above​

Answer 1

Answer:

The general concept of accrual accounting is that economic events are recognized by matching revenues to expenses (the matching principle) at the time when the transaction occurs rather than when payment is made or received.

Explanation:

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Answer 2

Answer:

b is the answer of the question