Under the cash basis of accounting: a. a promise to pay is sufficient to recognize revenue. b. cash must be received before revenue is recognized. c. expenses are matched with the revenue that is produced. d. revenue is recognized when services are performed.
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Home » Business » Under the cash basis of accounting: a. a promise to pay is sufficient to recognize revenue. b. cash must be received before revenue is recognized. c. expenses are matched with the revenue that is produced. d.