1. Business
  2. Accounting
  3. under accrual accounting when is revenue recognized when is expense...

Question: under accrual accounting when is revenue recognized when is expense...

Question details

Under accrual accounting, when is revenue recognized? When is expense recognized? Under cash accounting, when is revenue recognized and when is expense recognized? FASB (Financial Accounting Standards Board) requires the use of which basis of accounting, accrual or cash?

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution