The concept which states that revenue is recognized when ...
The concept which states that revenue is recognized when goods are sold is
Realization concept
Going concern concept
Matching concept
Periodically concept
Correct answer is A
The realization concept states that revenue can only be recognized once the available goods or services associated with the revenue have been delivered or sold.
The sales day Book is used to record ...
Provision for bad debt 1500 Additional information 1. Bad debt written off amount to 3000 2. ...
The records of wages due but not yet paid is an example of an adjustment for ...
The most important reason for studying accounting is that ...
Rakiya and joy are in a partnership and agreed that 5% interest per annum is to be charged on ...