Question

Question 3 of 20

When is the revenue earned by a company for the sale of goods recognized
and recorded?
OA. always 30 days after the sale
OB. when the customer sells the products
C. when the goods are paid for
OD. when the sale is made
SUBMIT

Answer 1

Answer: The answer is option D

Step-by-step explanation:

According to accounting principles, revenues are recognized when the sale is made SUBMIT as it does not depend on the payment that is received by the seller or not. And also it is recognized when a critical event has occurred.