Normally revenue is recognized when:
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter9: Auditing The Revenue Cycle.
Section: Chapter Questions
Problem 2CYBK: In the revenue cycle, the most significant accounts typically include revenue and accounts...
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Question
Normally revenue is recognized when:
A. the customer order is received
B. the customer order is accompanied by a check
C. the transaction results to recording an accounts receivable
D. when the title of the goods changes
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