Asked by
Vernae Kinglocke
on Nov 12, 2024
Verified
Revenue is earned only when money is received.
Earned Revenue
Earned revenue is income a company generates from its business activities, such as sales of goods or services, indicating work completed and value provided to customers.
- Understand the process and significance of recording revenues and expenses.
Verified Answer
FC
Learning Objectives
- Understand the process and significance of recording revenues and expenses.