A Revenue Should Be Recorded When

question 92

Multiple Choice

A revenue 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.

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Definitions:

Synthetic Substances

Artificial materials created through chemical processes, not found naturally.

Coal

A natural, black or brownish-black sedimentary rock used primarily as a fuel source in electricity generation and steel production.

Petroleum

A liquid mixture of hydrocarbons that is present in certain rock strata and can be extracted and refined to produce fuels including gasoline, kerosene, and diesel oil.

Domestic Fuel

Fuels used for household purposes, such as cooking, heating, or electricity generation, which include natural gas, coal, and biofuel.