« previous next »

Author Question: Sales revenue is usually considered earned when ________. A) cash is received from credit sales ... (Read 111 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?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

In 1885, the Lloyd Manufacturing Company of Albany, New York, promoted and sold "Cocaine Toothache Drops" at 15 cents per bottle! In 1914, the Harrison Narcotic Act brought the sale and distribution of this drug under federal control.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Did you know?

Multiple sclerosis is a condition wherein the body's nervous system is weakened by an autoimmune reaction that attacks the myelin sheaths of neurons.

Sam Houston—and his horse—earned this heroic tribute. At the Battle of San Jacinto, a musket ball sh Sam Houston—and his horse—earned this heroic tribute. At the Battle of San Jacinto, a musket ball sh
René Descartes (1596–1650). French philosopher considered the founder of modern philosophy. A ... René Descartes (1596–1650). French philosopher considered the founder of modern philosophy. A ...
The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population The Inverted Income Pyramid: The Proportion of Income Received by Each Fifth of the U.S. Population
How to calculate credit card interest when the interest is compounded How to calculate credit card interest when the interest is compounded
A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ... A portfolio earned -13%, 18%, 5%, 24%, and -5% in five successive years. What was the ...
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: Cardiac Cycle (Part 3 of 4)

For a complete list of videos, visit our video library