menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Auditing Assurance Services
  4. Exam
    Exam 12: Audit of the sales and collection cycle: Tests of controls and substantive tests of transactions
  5. Question
    Most Companies Recognise Sales When
Solved

Most Companies Recognise Sales When

Question 75

Question 75

Multiple Choice

Most companies recognise sales when:


A) the merchandise is shipped.
B) a customer order is received.
C) the merchandise is received by the customer.
D) cash is received on account.

Correct Answer:

verifed

Verified

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

Related Questions

Q70: The process which postpones entries for the

Q71: Procedures to test whether sales are accurately

Q72: Which one of the following statements regarding

Q73: State the six specific transaction-related audit objectives

Q74: A credit note is a document used

Q76: An important purpose of a remittance advice

Q77: In converting from a performance format audit

Q78: The parts of the audit most affected

Q79: An audit procedure which compares the name,

Q80: For good internal control, the credit-granting function

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines