Under the Accrual Accounting Approach, at Which Stage of the Operating

question 45

Multiple Choice

Under the accrual accounting approach, at which stage of the operating cycle would income be recognised by a timber yard from the sale of timber on credit?

• A)Goods delivered to and accepted by customer.
• B)Money received from customer.
• C)Money banked by business.
• D)Order received from customer.

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Definitions:

Job Performance

The level of effectiveness and efficiency with which an employee carries out their job duties.

Attitudes

Comprise the feelings, beliefs, and predispositions to act in certain ways toward something or someone, affecting an individual's choices and actions in the workplace.

Behaviors

Actions or reactions of an individual or group in response to external or internal stimuli.

Personality

The fusion of attributes and traits that define an individual's distinct persona.