Vidyalelo
Commerce · Q339

Accounting

Graduate and Post Graduate · Commerce · question 339

Q339

Revenue from sale of product ordinarily is reported as part of earning in the period

A.
The planning takes place
B.
The sale is made
Answer
C.
The product is manufactured
D.
The cash is collected

Answer: Option B

Solution

Answer: Option B
Solution:
Revenue from sale of product ordinarily is reported as part of earning in the period when the sale is made.