Under the cash basis of accounting revenues are recorded?

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Kristopher Gleason asked a question: Under the cash basis of accounting revenues are recorded?
Asked By: Kristopher Gleason
Date created: Sat, Sep 11, 2021 7:10 AM
Date updated: Wed, Oct 5, 2022 10:02 AM

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Top best answers to the question «Under the cash basis of accounting revenues are recorded»

  • Under the cash basis, revenue is recorded when cash is received from customers, and expenses are recorded when cash is paid to suppliers and employees. It is most commonly used by smaller entities with less complex accounting systems. What is the Accrual Basis of Accounting?

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