Accountants Face a Problem of When to Recognize Revenue

question 46

Multiple Choice

Accountants face a problem of when to recognize revenue.Which of the following methods of recognizing revenue is not used in practice?

• A) point of sale
• B) point of order acceptance
• C) end of production
• D) receipt of cash
• E) revenue recognized during production

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Definitions:

Self-image

Self-image is an individual's mental representation of themselves, which includes perceptions of one's appearance, abilities, and worth.

Infant Demands

The needs and desires expressed by a baby, such as for food, comfort, and attention, which require response from caregivers.

Initiation Rites

Are rituals that signify transition from one group to another and ensure loyalty to the new group.

Total Institutions

Places where people are separated from the rest of society and have their lives controlled and regulated by the administrative staff, such as prisons, hospitals, or military barracks.