Emergency contraception will not prevent pregnancy if a girl has unprotected sex after taking the ECPs. How Well Does It Work? About 2 in every 100 women who use ECPs will become pregnant despite taking ECPs within the recommended amount of time.
Accounts Payable are supported by invoices or billing statements. Accrued Expenses are expenses which relate to the current period; however, there is not an invoice on hand.
Cash Basis Accounting. Under the cash basis accounting, revenues and expenses are recognized as follows: Revenue recognition: Revenue is recognized when cash is received. Expense recognition: Expense is recognized when cash is paid. There are potential timing differences in recognizing revenues and expenses between accrual basis and cash basis accounting. Four types of timing differences. a. Accrued Revenue: Revenue is recognized before cash is received.