princeauli8400 princeauli8400

28-03-2019
Business

contestada

Revenue is traditionally recognized in the accounting records when A. Cash is received. B. Services are rendered. C. It's incurred. D. None of the above balance.

Respuesta :

MrsSeifried MrsSeifried

28-03-2019

The correct answer is choice b.

Revenue is normally recognized when the services are rendered. At this point in the accounting cycle you would make an entry to record the sale. It would be a credit to Sales/Revenue and a debit to either cash or accounts receivable.

Answer Link

Otras preguntas

Can someone answer this for me please and thank you

The ISS was the first space station to be built; it is the largest space station and is actually still under construction as of 2009

Given that the specific heat of water is 4.18 kJ/(kg·°C), how much heat does it take to raise the temperature of 3.5 kg of water from 25°C to 55°C?

If you reacted 88.9g of ammonia with excess oxygen, what mass nitric oxide would you expect to make

25% of what number is 19

I’m confuse on what to do

Watt-hours is a measure of energy, just like kilowatt-hours. How can you convert this to Joules?

You currently own a portfolio valued at $52,000 that has a beta of 1.16. you have another $10,000 to invest and would like to invest it in a manner such that th

Every morning, Sarah prepares the same amount of coffee at the same temperature. Identify the coffee solution with the highest concentration. On Wednesday, Sar

Find the roots of the quadratic equation x^2 – 8x = 9 by completing the square. Show your work