If a Company Is Using the Accrual Basis Accounting Method

Multiple Choice

If a company is using the accrual basis accounting method, when should it record its earned revenue?

A) When cash is received, even though services may be rendered at a later date
B) When services are rendered, even though cash may be received at a later date
C) When services are completely rendered and cash is received
D) When cash is received, 30 days after the completion of the services