Why is the receipt of an order from a customer not regarded as a transaction?
A) Because an exchange between the entity and the customer has not yet occurred.
B) Because the computer cannot record it.
C) Because the customer might cancel the order.
D) The receipt of an order is regarded as a transaction.

Question

Quizplus · Accepted Answer

An order from a customer is not considered a transaction because it does not involve an actual exchange of goods or services for money or other consideration at the time the order is received. Transactions are recognized when the exchange occurs.

Why Is the Receipt of an Order from a Customer