A Company Received an Order from a Customer in June

question 136

Multiple Choice

A company received an order from a customer in June for services to be provided.Those services were provided in July,and the customer paid the full amount in August.According to the revenue recognition principle,in which month should the company record revenue?

• A)June.
• B)July.
• C)August.

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Definitions:

Taken-For-Granted Thoughts

Ideas or beliefs that are accepted without question or critical examination, often because they are seen as universally true or applicable.

Covert Advertising

Marketing tactics that subtly promote a product without the audience being explicitly aware they are being advertised to.

Women's Magazines

Publications targeting female audiences, often featuring content related to fashion, beauty, relationships, and health.

Editorial Advice

Guidance or recommendations provided by editors or experienced professionals concerning content, style, and structure in the process of publishing.