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.
Which of the following does not appear in a bank statement? ...
The book of account in which information from the source documents are recorded consists of ...
Companies issue shares to the public in order to ...
The statement of affairs prepared from incomplete records can be described as? ...
Holder of ordinary shares do not have the right to ...
Sundry debtor..................N20,000 Provision for bad debts........N500 Provision for bad deb...