Which of the following options is an example of revenue? O $4,000 promise to pay from a customer that purchased goods O $6,500 order from a well-known customer O $8,000 received in cash for goods sold a month ago $10,000 received by check as a prepayment for services

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is