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

Question

Quizplus · Accepted Answer

Billing and recording sales in the journal as soon as possible after shipment ensures that revenue is recognized only when the goods have been delivered, aligning with the revenue recognition principle that revenue is earned and recognized upon the delivery of goods or completion of services.

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