The accrual basis of accounting records revenues when they are
اکاؤنٹنگ کی جمع کی بنیاد آمدنی کو ریکارڈ کرتی ہے جب وہ ہوتے ہیں۔
- Collected
- Earned
- Contracted
- Readily available for use
- All of these
Explanation
The accrual basis of accounting records revenues when they are earned.
In other words, under the accrual basis of accounting, the receipt of cash and the payment of cash are not the focus of reporting revenues and expenses.
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