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.

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Definitions:

Vector

An organism, often an insect, that transmits a disease or parasite from one animal or plant to another.

Pathogen

Disease-causing agent (virus or cellular organism).

Pathogen

Any microorganism that can cause disease in its host, including viruses, bacteria, fungi, and parasites.

Organic Monomers

Small, basic units that can bond together to form larger molecules, or polymers, that are organic in nature.