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Author Question: Sales revenue is usually considered earned when ________. A) cash is received from credit sales ... (Read 110 times)

skymedlock

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on: Jul 5, 2018
Sales revenue is usually considered earned when ________.
 
  A) cash is received from credit sales
  B) the customer places an order for goods to be shipped
  C) goods have been shipped from the seller to the buyer
  D) the adjustments are made at the end of the accounting period

Question 2

If merchandise sold on account is returned to the seller, the seller may inform the customer of the details by issuing a
 a. sales invoice
  b. purchase invoice
  c. credit memo
  d. debit memo


katkat_flores

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Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

c


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