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.
When a transaction is completely left out from the books, it is an error of ...
"Accountants do not count chickens before they are climbed". This is the concept of ...
Total production cost- #360,000 Factory overhead cost- #56,000 Selling price per unit- #120 Produ...
Which of the following is not a subsidiary book? ...
The excess of net assets acquired over purchase consideration is ...
The equivalent of a club's Receipt and payment account is ...
Which of the following accounts for the highest revenue to Nigeria? ...
What type of stock valuation would a vegetable seller adopt in valuing it's product? ...