In a Service-Type Business Revenue Is Considered Recognized

question 165

Multiple Choice

In a service-type business revenue is considered recognized

• A) at the end of the month.
• B) at the end of the year.
• C) when the service is performed.
• D) when cash is received.

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Definitions:

National Occupational Classification

A system used in Canada to categorize and describe occupations based on job duties and the work a person does.

Job Titles

Formal names or labels given to specific jobs within an organization, which often reflect the nature of the work and level of responsibility.

Job Descriptions

Detailed explanations of the responsibilities, duties, required qualifications, and reporting relationships of a specific job within an organization.

Reengineering

The fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in cost, quality, service, and speed