Which Is Not an Application of Revenue Recognition

question 212

Multiple Choice

Which 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.

---

Definitions:

Business Opportunities

Situations or ventures that present possibilities for commercial success.

Classic Entrepreneurs

Individuals who innovate, start companies, and manage them for growth and profit.

Markets

Venues or systems where buyers and sellers interact to trade goods, services, securities, or other commodities.

Societal Problem

Issues that affect a significant number of people within a society, often requiring collective action for resolution.