Under the instalment method,revenue is recognized when the customer does which of the following?
A)orders the merchandise.
B)receives the merchandise.
C)receives the bill.
D)makes a cash payment.

Question

Quizplus · Accepted Answer

Under the instalment method, revenue is recognized when the customer makes a cash payment, as this method is used when payments are received over time and there is uncertainty about collection.

Under the Instalment Method,revenue Is Recognized When the Customer Does