The Amount Charged for a Good or Service Provided to a Customer

question 99

True/False

The amount charged for a good or service provided to a customer on account is posted to a revenue account only after the payment is received.

---

Definitions:

Judicial Review

A legal principle that allows courts to determine the constitutionality of legislative and executive acts.

Original Meaning

The interpretation of the Constitution or law based on the intent and understanding of those who drafted and ratified it.

Living Constitution

The concept that the Constitution has a dynamic meaning or that it has the properties of a living organism and can adapt to changing societal needs without formal amendments.

Writ of Certiorari

A court order from a higher court to a lower court to send up the records of a case for review, often used by the Supreme Court to select cases it wishes to hear.