Answer by Md. Nayeem - Tuesday, 24 November 2020, 11:27 AM Number of replies: 1 Financial statements are prepared based on accounting earnings, which means that assets and liabilities are recorded as soon as they are committed. Revenues and expenses are recorded when they are spent (rather than when they are actually paid). Permalink In reply to Md. Nayeem Re: Answer by Shahana Kabir - Monday, 30 November 2020, 2:53 AM Thanks for response. Permalink Show parent
In reply to Md. Nayeem Re: Answer by Shahana Kabir - Monday, 30 November 2020, 2:53 AM Thanks for response. Permalink Show parent