Identify the Point at Which Revenue Would Be Recognised in Each

question 43

Multiple Choice

Identify the point at which revenue would be recognised in each of the following questions:
-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:

IS Skills

Information Systems skills entail the abilities and knowledge required to manage, develop, and implement technology and information systems effectively in organizations.

Consultative Function

A consultative function involves advising or providing expert recommendations to individuals or organizations, typically in decision-making processes.

System Integration

The process of linking together different computing systems and software applications functionally, to act as a coordinated whole.

IS Skills

Information Systems Skills, encompassing the abilities and knowledge required to develop, manage, and use information systems effectively in organizations.