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.

Question

Tito

Mathematics

21 October, 18:04

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.

+1

Answers (1)

Know the Answer?

Saige Esparza · Answer 1

While revenue is total money gained (not including costs) profit would be the revenue - costs.

In this case, A. cash is received makes the most sense.

Revenue is traditionally recognized in the accounting records whenA. cash is received.B. services are rendered.C. it's incurred.D. None of the above balance.

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.