SSLC Accounting Practice Questions - Samoa Secondary Leaving Certificate - Accounting Exam

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Sina's catering business completed a SAT 1,800 wedding job in November but will not collect the cash until January. Under the accrual basis, when is the SAT 1,800 recorded as revenue?

In January when the cash is received Split equally between November and January In November when the work is earned Only when the owner withdraws the money

Correct Answer:

In November when the work is earned

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