Question

Expenses are recorded on payment under *​

Answer 1

Answer:

Under cash basis accounting, expenses are recorded when they are paid. In contrast, under the accrual method, expenses are recorded when they are incurred.

Answer 2

Explanation:

Accountante record Expenses thought one of two accounting methods: Cash basis or occrual basis . under cash basis accounting, expenses are recorded when they are paid, in contrast, under the accrual method , expenses are recorded when they are incurred..