A. Earned
B. Received
C. Spent
D. None of these
Brief facts about this MCQs:
The accrual basis of accounting records revenues when they are earned and record the expenses when they are actually paid.
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A. Earned
B. Received
C. Spent
D. None of these
The accrual basis of accounting records revenues when they are earned and record the expenses when they are actually paid.