Question

Under the accrual basis of accounting, expenses are reported in the accounting period when the
a.
No entry
b.
Expense Matches the Revenues Or Is Used Up
c.
Cash is Paid
d.
when the transaction has taken place

Answer 1

Answer:

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Answer 2

$\large{\underline{\underline{\bold{\red{\sf{Bonjour !}}}}}}$

Most companies use the accrual basis of accounting. The accrual basis of accounting recognizes revenues when earned (a product is sold or a service has been performed), regardless of when cash is received. Expenses are recognized as incurred, whether or not cash has been paid out.

$\large{\bold{\blue{\sf{Thanks}}}}$