Many manufacturing and merchandising audit clients record sales based on shipment of goods criterion and make the necessary adjustments at period end to record revenues in the proper period.

Question

Quizplus · Accepted Answer

This statement is true. Many companies use the shipment of goods criterion to record sales, but adjustments may be necessary at period end to ensure revenue is recorded in the proper period.

Many Manufacturing and Merchandising Audit Clients Record Sales Based on Shipment