Which of the following accounts would be used under the accrual method of accounting,but not under cash basis accounting?
A)Cash
B)Unearned Revenue
C)Service Revenue
D)Salary Expense

Question

Quizplus · Accepted Answer

Under the accrual method, unearned revenue is recorded when payment is received before services are performed, which is not recognized under the cash basis until the service is performed.

Which of the Following Accounts Would Be Used Under the Accrual