Sales revenues are usually considered earned when
A)cash is received from credit sales.
B)an order is received.
C)goods have been transferred from the seller to the buyer.
D)adjusting entries are made.

Question

Quizplus · Accepted Answer

Sales revenues are considered earned when goods have been transferred from the seller to the buyer, as this signifies the completion of the earnings process and the point at which the seller has fulfilled its part of the transaction.

Sales Revenues Are Usually Considered Earned When