The Revenue Principle Requires That a Business Record Revenue When

question 108

Multiple Choice

The revenue principle requires that a business record revenue when the business:

• A)receives an order from a customer.
• B)prepares the invoice for the customer.
• C)delivers goods or services to a customer.
• D)receives payment from a customer.

---

Definitions:

Price Field

A specific field in databases or software applications designed to store monetary values representing the cost or price of items.

Subdatasheets

A feature in some database software that allows users to view and edit related data from a related table or query in a hierarchical format.

Employers Table

A structured arrangement of data related to employees in a database or spreadsheet, often including columns for name, position, salary, and other relevant information.

Default Value

A predefined value automatically assigned to a field or variable if no other value is specified by the user or process.