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.
Th major feature of an invoice is that, it? ...
Trade creditors personal accounts are found in the ...
Which of the following may cause depreciation? i. wear and tear ii. obsolescence and p...
The two column cash book records ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
A source document is used for verifying the ...
Use the following information to answer the given question, \(\begin{array}{c|c} & N\\ \hli...