Revenue is recorded A) only after payment for a sale has been receive

QUESTION

Revenue is recorded

A) only after payment for a sale has been received by the company.
B) when a sale is made, but not necessarily when payment for the sale is received.
C) as soon as a customer has expressed interest in placing an order with a company.
D) when a customer approves the price proposed for a particular good or service.

ANSWER

B