Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 46 - No. 18)
When does a company recognize revenue under the accrual method?
When cash is received.
When the goods or services are delivered to the customer.
When an order is placed by a customer.
When the invoice is sent.
Explanation
Under the accrual method, revenue is recognized when it is earned, typically when the goods or services are delivered.
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