Ristea, Mihai; Doroş, Alexandra; Ioanăş, Corina; … - In: Romanian Economic Business Review 5 (2010) 4, pp. 208-220
Should revenue be recognized when generated or when ultimately collected by a company? Should expenses be recognized when incurred or when finally paid? The answers to these questions vary and are dependent or whether a entities employs the cash or accrual basis of accounting. The cash basis of...