occur when a company receives cash before it can recognize revenue or when a companypays cash before it can record the related expense.a. DeferralsO b. EstimatesC. AccrualsO d. Others

Deferrals refers receipt or payment is done but to be recognised later. Estimates refers to a rough…

Answered: occur when a company receives cash…

occur when a company receives cash before it can recognize revenue or when a comp. pays cash before it can record the related expense. a. Deferrals O b. Estimates C. Accruals O d. Others

Business/Professional Ethics Directors/Executives/Acct

8th Edition

ISBN:9781337485913

Author:BROOKS

Publisher:BROOKS

Chapter6: Professional Accounting In The Public Interest

Section: Chapter Questions

Problem 18.2EC

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occur when a company receives cash before it can recognize revenue or when a company
pays cash before it can record the related expense.
a. Deferrals
O b. Estimates
C. Accruals
O d. Others

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