In Which of the Following Circumstances Is Revenue NOT Earned

question 10

Multiple Choice

In which of the following circumstances is revenue NOT earned by a company?

• A) In return for goods supplied,a customer paid $1000 in cash.
• B) In return for goods supplied,a customer promised to pay $1000 later.
• C) In return for goods supplied,a customer gave the company $1000 in equipment.
• D) A customer paid $500 deposit for goods to be supplied in the next accounting period.

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Definitions:

Independent Of Entrepreneurs

Describes concepts, processes, or entities that operate or exist separately and not contingent on the actions or existence of entrepreneurs.

Finding

The process or result of discovering information, insights, or objects that were not previously known or recognized.

Identify Opportunities

The process of recognizing and evaluating potential avenues for growth, investment, or enhancement in various contexts.

Environment

The surrounding conditions in which a person, plant, or animal operates, including natural, social, and cultural factors.