In September,a Customer Signed a Contract to Have His House

question 132

Multiple Choice

In September,a customer signed a contract to have his house painted and paid for the job in October.The painting company bought the paint in August on account and paid for it in September.The painting company painted the house in November.According to the revenue and matching principles,the painting company should record:

• A)the revenues in November and the expenses in September.
• B)the revenues and the expenses in September.
• C)the revenues and the expenses in November.
• D)the revenues in September and the expenses in August.

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Definitions:

Domain of Development

Specific areas of growth and change, typically referring to child development, including cognitive, emotional, physical, and social development.

Life-span Studies

Research that focuses on understanding the changes and continuities in individuals from birth to death.

Continuity

Continuity involves the consistent existence or operation of something over a period of time, ensuring a seamless connection or progression without interruption or change.

Life Span

The duration of existence of an individual organism from birth to death.