Question

Under which Basis of accounting Incomes are recorded when earned or accrued?

Answer 1

Answer:

Accrual basis

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.

Answer 2

acurul basic most compains use the acrual basic of accounting the acrual basic of

accounting

recongnice refuse when earned a product is soil or a service has been performed regardless of when cast is recived