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.

---

Definitions:

Social Movements

Collective efforts by societies to promote or resist change in the social structure, focusing on political or social issues.

Winnipeg General Strike

A significant labor action in 1919 in Winnipeg, Canada, where workers united for better wages and working conditions, marking a pivotal moment in the Canadian labor movement.

Movement Partisans

are individuals who are strongly committed to and actively support a social movement or cause.

Strike-Prone

Characterized by a high tendency or likelihood of workers going on strike, usually due to unresolved disputes or dissatisfaction with conditions.