It is important that sales be billed and recorded in the journal as soon as possible after
A)the order is received.
B)the order is received and credit is approved.
C)credit is approved and it is verified that there is enough inventory to fill the order.
D)shipment takes place.

Question

Quizplus · Accepted Answer

Sales should be billed and recorded in the journal after shipment takes place to ensure that revenue is recognized only when the goods or services have been delivered, aligning with the revenue recognition principle. This ensures accuracy in financial reporting.

It Is Important That Sales Be Billed and Recorded in the Journal