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.

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Definitions:

USB Flash Drive

A portable storage device that uses flash memory to store data, easily connected to a computer via a USB port.

File Management

The practice of organizing, storing, and coordinating computer files in a systematic way for efficient access and use.

MacOS

An operating system developed by Apple Inc. for Mac computers, known for its intuitive user experience and design.

Read-Only Memory (ROM)

Non-volatile storage medium in computers and electronic devices, containing permanent or semi-permanent data that cannot be easily altered or erased.