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.
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...
The method of ascertaining capital from income record is by preparing the ...
Stock account is a type of ...
Net profit of a sole proprietor is transferred to the ...
Which of the following is a capital reserve? ...
Accounts of fixed assets are kept in the ...
A manufacturing account is drawn up by ...
Receipts and Payment Account (Extract) &nbs...
Which of the following is not used in Public accounting? ...
The item on the credit side of the trading account is the? ...