The amounts recorded when the company sells products or provides services to customers are referred to as:A. LiabilitiesB. RevenuesC. AssetsD. Expenses

B. Revenues

Explanation:

When the company sells the products or rendering the service to the customer it is called revenue, as the amount is received from the customer in respect of goods sold or service rendered.

The revenue should always be shown in the income statement. The total number of sales to be done in a particular week, month, half-yearly, quarterly or yearly has come under the revenue account. It could be recorded as in cash or in credit.