When are sales recognized under the cash basis of accounting? When are expenses recognized? Explain.

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When are sales recognized under the cash basis of accounting? When are expenses recognized? Explain.

Description Book:Survey of Accounting Carl S. Warren, 2018 Cengage ISBN.13: 978-1-305-96188-3 Length: Approximately 350-500 words. Assignment instructions: Sources are listed in two places. The first, a citation, is briefly listed within your answer. This includes identifying information that directs the reader to your list of references at the end of your writing assignment. The second, a reference, is at the end of your work in the list of references section.