At What Point Would You Expect Revenue from Sales of Software

question 48

Multiple Choice

At what point would you expect revenue from sales of software by a computer store to be recognised?

• A) During production
• B) On completion of production
• C) At point of sale or delivery
• D) When cash is received

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Definitions:

Oral Hypoglycemic Agent

Medications taken by mouth to lower blood sugar levels in people with diabetes.

Metformin

A medication commonly used to treat type 2 diabetes by decreasing glucose production in the liver and improving insulin sensitivity.

Hypothyroidism

A condition in which the thyroid gland is underactive and produces insufficient amounts of thyroid hormones.

Heart Disease

A range of conditions that affect the heart, including blood vessel diseases, heart rhythm problems, and heart defects.