Question: Which of the following statements is true regarding accrual accounting? Multicle Choice Pevenue is recorded in the period when it is earvid Dovenue is recoeded

Which of the following statements is true regarding accrual accounting?
Multicle Choice
Pevenue is recorded in the period when it is earvid
Dovenue is recoeded in the penod when in is earned and experses are recorded when they we incured
Aivenue is reconded only when cash is colected.
Fxpenses are tecoeded when they are incurted
Which of the following statements is true

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