Question: U . S . Generally Accepted Accounting Principles ( US GAAP ) calls for the use of the basis of accounting. This method requires that

U.S. Generally Accepted Accounting Principles (US GAAP) calls for the use
U.S. Generally Accepted Accounting Principles (US GAAP) calls for the use of the basis of accounting. This method requires that revenue is recorded when it is and expenses when they are
Cash; received; incurred
Accrual; earned; incurred
Cash; received; paid
Accrua received; paid
of the basis of accounting. This method requires that revenue is recorded

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