emmmmmily5752 emmmmmily5752
  • 19-02-2020
  • Business
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____ are normally the result of revenue being earned or an expense being incurred before any cash is received or paid.

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andromache andromache
  • 20-02-2020

Answer:

Accrual

Explanation:

Under the accrual basis of accounting, when the revenue earned or expense incurred, the same is to be recorded immediately before any cash paid or cash received.

It does not involved any cash transaction. So cash transaction should be ignored

Like: The service is received but the payment is made at later date shows the accrual basis of accounting.

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