Which of the following statements is true regarding the processing and recording of revenue transactions?
a. The accurate recording of revenue transactions is important for preparing financial statements, but not important for the client’s management decisions.
b. Invoices should be prepared once the client determines that the goods ordered by a customer are available.
c. A bill of lading provides documentation that the customer has received the goods.
d. Sales transactions typically begin with the receipt of a purchase order from a customer.
