Asked by Sharath Rajendran on Jun 05, 2024
Verified
Revenues would not result from
A) sale of merchandise.
B) initial investment of cash by owner.
C) performance of services.
D) rental of property.
Revenues
Income earned by a company from its business activities, typically from the sale of goods and services to customers.
Sale Of Merchandise
This refers to the income generated from selling products that a business typically offers to its customers.
Initial Investment
Initial Investment is the amount of money used to start a business venture, purchase an asset, or invest in a financial instrument at its inception.
- Acquire knowledge on key accounting concepts like capital, liabilities, the primary accounting equation, and the documentation of business operations.
Verified Answer
MC
Magali CastroJun 11, 2024
Final Answer :
B
Explanation :
Revenues are generated from the sale of merchandise, performance of services, and rental of property. Initial investment of cash by an owner is not considered revenue, as it is not generated from the normal operations of a business.
Learning Objectives
- Acquire knowledge on key accounting concepts like capital, liabilities, the primary accounting equation, and the documentation of business operations.