Moving to another question will save this response. uestion 8 Which of the following statement is true for Modified accrual basis of accounting In this method, no financial statements are prepared CA The revenue is recognised when its measurable and available for meeting current expenditure B. In this method, revenues are recognised on cash basis but expenses are recorded on accrual basis The method is combination of cash system and accrual system D. A Moving to another question will save this response. MAT C # $ % N 4 E 50 2 3