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.
A customers who returns goods to the supplier because they are detective is issued a ...
Which of the following is charged to trading account? ...
The claim on the assets of a business by outsiders is ...
₦ Manufacturing wages 42000 ...
Credit sales was debited to A. Akpan instead of B. Akpan. This is an error of ...
The costs of acquiring fixed assets and bringing them into the firm is a ...
Cost of extension to a factory building is classified as ...