Receipts of cash in advance from customers are A : treated as revenue at the time of receipt because the intent of the company is to perform the work and the customer is confident that the services will be completed. B : not treated as revenue at the time of receipt because revenue cannot be recognized until the work is performed. C : not treated as revenue at the time of receipt because the amount of revenue cannot be adequately determined until the company completes the work. D : treated as revenue at the time of receipt because the company has access to the cash.
Revenue is the total amount of income generated by the sales of goods or services. So receiving cash from a customer cannot be treated as revenue until the service is performed by the company
