Finanzas ComercialesPregunta 1172 de 1605
Under cash-basis accounting, a contractor records income when:
a.The work is 50% complete
b.Cash is actually received
c.The contract is signed
d.The invoice is mailed
Explicación
Cash-basis accounting records income only when cash is actually received and expenses only when actually paid. It is simple but can distort profitability on projects that span the recording of revenue and costs in different periods.
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Revisado por Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verificar)