Financial or business transaction is recorded, according to accrual concept of accounting ………………
A. When cash is received or paid
B. When a transaction occurs
C. When profit is computed
D. When the balance sheet is prepared
Answer:B
Financial or business transaction is recorded, according to accrual concept of accounting ………………
A. When cash is received or paid B. When a transaction occurs C. When profit is computed D. When the balance sheet is prepared