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Under accrual accounting, a sales transaction is recognised: Select one: when physical cash changes hands b.

Under accrual accounting, a sales transaction is recognised:

Select one:

a. when physical cash changes hands

b. at the later of when the income has been earned and when the cash is received for the sale

c. at the discretion of the business owner

d. when the income has been earned

Top Answer

Answer is d). when... View the full answer

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Other Answers

b. at the later of when the income... View the full answer

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