Solved

In September,a Customer Signed a Contract to Have His House

Question 132

Multiple Choice

In September,a customer signed a contract to have his house painted and paid for the job in October.The painting company bought the paint in August on account and paid for it in September.The painting company painted the house in November.According to the revenue and matching principles,the painting company should record:


A) the revenues in November and the expenses in September.
B) the revenues and the expenses in September.
C) the revenues and the expenses in November.
D) the revenues in September and the expenses in August.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions