The Revenue Principle Requires That a Business Record Revenue When

question 176

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)it has been earned and not before.
• D)receives payment from a customer.

---

Definitions:

Neurotic Needs

Psychological needs that can lead to anxiety and unrealistic desires or expectations when they are not met.

Categories of Behaviors

Classifications or groupings of actions or reactions of individuals according to certain criteria or based on observed patterns.

Basic Anxiety

A term introduced by Karen Horney, referring to feelings of helplessness and insecurity that arise from early childhood experiences, influencing adult behavior.

Lonely

A complex and usually unpleasant emotional response to isolation or lack of companionship.