Which One of the Following Is Not an Application of Revenue

question 28

Multiple Choice

Which one of the following is not an application of revenue recognition?

• A) Recording revenue as an adjusting entry on the last day of the accounting period.
• B) Accepting cash from an established customer for services to be performed over the next three months.
• C) Billing customers on June 30 for services completed during June.
• D) Receiving cash for services performed.

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Definitions:

Committee Chairpersons

Individuals who lead standing or special committees in legislative bodies, responsible for guiding discussions, shaping agendas, and often influencing legislative outcomes.

Seniority

A system within organizations where the length of service or tenure influences an individual's rank and privileges.

Congress

The legislative branch of the United States federal government, bicameral in nature, consisting of the Senate and the House of Representatives, responsible for making federal laws.

Redistricting

The process of drawing electoral district boundaries, typically done to reflect changes in population and ensure equal representation.