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On December 15,2016,a Company Receives an Order from a Customer

question 6

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On December 15,2016,a company receives an order from a customer for services to be performed on December 28,2016.Due to a backlog of orders,the company does not perform the services until January 3,2017.The customer pays for the services on January 6,2017.When should revenue be recorded by the company?

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Definitions:

Back-End Database

The part of a database application that runs on a server, handling data storage, access, and manipulation tasks, often unseen by the end-user.

Web Server

A software or hardware capable of accepting requests from clients (usually web browsers) and serving them web pages and other content.

Internet

A global network of interconnected computers and servers that allows for the transmission of data and communication across vast distances.

RDBMS

Relational Database Management System, a type of database management system that stores data in tables with relationships between them.

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