Revenue is recognized in the profit and loss account as s...
Revenue is recognized in the profit and loss account as soon as a
Debtor pays what is due from him
Sale of goods takes place and money is received
Sale of goods takes place whether or not money is received
Sales of a fixed asset takes place
Correct answer is C
No explanation has been provided for this answer.
Tei Ltd offered 1,560 units of magazines at N60 each. Trade discount is 10% and cash discount ...
When allotments have been fully paid, subscribers are referred to as ...
The main purpose of transaction file is ...
When goods are sold for cash the credit entry goes to the ...
Which of the following are impersonal accounts ? I. Investment II. Creditors III. Premises IV. D...
The discount column on the left-hand side of cashbook represents a discount ...