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.
Which of the following accounts has a credit balance? ...
Which of the following accounts or statements is used to determine credit purchase figures in i...
The concept which seeks to prevent profits from being overstated is ...
Reccurrent expenditure of government is paid from ...
Us the following information to answer the question given. \(\begin{array}{c|c} \text{Cost of m...
Which of the following is not part of cost of production? ...
In the head office ledger, the value of goods sent to the branch are ...