Which type of business would be most likely to use the instalment method to record revenue?
A)medical practitioner
B)real estate developer
C)pharmacy
D)construction firm

Question

Quizplus · Accepted Answer

Real estate developers often use the installment method to record revenue since they sell properties on an installment basis, meaning that the buyer pays in installments rather than one lump sum. This method allows them to recognize revenue gradually as payments are received. The other businesses listed generally do not sell their products or services on an installment basis.

Which Type of Business Would Be Most Likely to Use