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17 November, 12:46

9. When is revenue recognized under accrual accounting?

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  1. 17 November, 16:22
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    Answer: Accrual accounting method recognizes and reports revenue when it is earned irrespective of when it is received.
  2. 17 November, 16:44
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    Answer: Accrual accounting method recognizes and reports revenue when it is earned irrespective of when it is received. In laymen terms, it is recognized when a sale occurs. This recognition task can easily take up several forms as organizations provide different services and commodities to individuals.
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