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.
The amount set aside out of profits to strengthen the financial position of the business is ...
Which of the following is an asset? ...
Accounting information seeks to provide ...
Period 1 N Cash to petty cashier 1000 Petty cas...
Which of the following is nit a petty cash book item? purchase of ...
Capital at start was ₦250,000, while capital at the end of the year was ₦400,000. Drawings durin...