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Brandon Carroll
on Nov 15, 2024

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Revenues should be recorded when:

A) it is earned.
B) payment is received.
C) the invoice is sent to the customer.
D) All of the above are correct.

Recorded

The act of documenting transactions or events in financial records or other types of logs.

Earned

Income, benefits, or rights obtained as a result of work or contribution.

Invoice

A document issued by a seller to a buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided.

  • Dissect the techniques used to record revenues and expenses and gauge their effect on net income.
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BC
Benze CholthichaNov 17, 2024
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