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11 February, 21:23

9. When is revenue recognized under accrual accounting?

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  1. 12 February, 00:26
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    Answer: Accrual accounting method recognizes and reports revenue when it is earned irrespective of when it is received.
  2. 12 February, 01:12
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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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