Grocery stores recognize most of their revenue based on the:
A) Cost recovery method.
B) Specific performance method.
C) Proportional performance method.
D) Instalment method.
E) Sales method.

Question

Quizplus · Accepted Answer

The sales method is the most appropriate for grocery stores because they recognize revenue when goods are sold to customers. This is the most common and straightforward method of revenue recognition for retail businesses like grocery stores.

Grocery Stores Recognize Most of Their Revenue Based on The