Which of the Following Is Not an Example of the Application

question 62

Multiple Choice

Which of the following is not an example of the application of the revenue principle?

• A) Recording the sale of merchandise on credit in sales revenue.
• B) Recording rent received in advance as rent revenue.
• C) Recording accrued interest revenue on a loan made to another party.
• D) Recording the sale of merchandise for cash in sales revenue.

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Definitions:

Myelinated Axons

Nerve fibers covered with myelin, a fatty substance that insulates the axon and speeds up the transmission of nerve impulses.

Central Nervous System

The complex of nerve tissues that controls the activities of the body, comprising the brain and spinal cord.

Cortices

The outer layers or regions of an organ or structure, such as the cerebral cortex in the brain or the cortex of plant roots and stems.

Cerebrum

The largest part of the brain responsible for voluntary activities, intelligence, memory, and emotional responses.