Sales revenue
A) may be recorded before cash is collected.
B) will always equal cash collections in a month.
C) only results from credit sales.
D) is only recorded after cash is collected.

Question

Quizplus · Accepted Answer

Sales revenue may be recorded before cash is collected, especially in the case of credit sales where the payment is received at a later date. The revenue is recognized at the time of sale, even if the payment is not received until a later time.

Sales Revenue