Master the Basics of Accrual Accounting

Accrual accounting (correct)

Cash accounting

Managerial accounting

Double-entry accounting

When goods are delivered or services are provided (correct)

When expenses are recognized

When cash is received

When payment is expected

Recognizing revenues or expenses after cash has been received or paid

Recognizing expenses in the period in which they contribute to generating revenue (correct)

Recognizing expenses when payment is expected

Recognizing revenues or expenses before cash changes hands

<p>Recognizing revenues or expenses before cash changes hands</p> Signup and view all the answers

<p>Recognizing revenues or expenses after cash has been received or paid</p> Signup and view all the answers