« previous next »

Author Question: Sales revenue is usually considered earned when ________. A) cash is received from credit sales ... (Read 46 times)

skymedlock

  • Hero Member
  • *****
  • Posts: 561
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

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

c


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Malaria mortality rates are falling. Increased malaria prevention and control measures have greatly improved these rates. Since 2000, malaria mortality rates have fallen globally by 60% among all age groups, and by 65% among children under age 5.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

Human neurons are so small that they require a microscope in order to be seen. However, some neurons can be up to 3 feet long, such as those that extend from the spinal cord to the toes.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc This girl ran four spinning machines in a cotton mill in Whitnel, North Carolina. Only 4 feet, 3 inc
Medical assistants can quickly pull up a patient record when a phone call is received. Medical assistants can quickly pull up a patient record when a phone call is received.
Aging is more than biology. In some cultures, Jennifer Lopez, 43, would be considered elderly. Lopez ... Aging is more than biology. In some cultures, Jennifer Lopez, 43, would be considered elderly. Lopez ...
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
Food vs Cash: Which Is More Effective for Alleviating Hunger? Food vs Cash: Which Is More Effective for Alleviating Hunger?
Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ... Raman has a line of credit loan with the ICICI bank. The initial loan balance was $72000.00. ...
Video: Ventilation - phases and driving forces

For a complete list of videos, visit our video library