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.
A source document for the sales day book is ...
From which of the following sources are creditors control account most likely to be posted? ...
In bank reconciliation process, discrepancies cause by timing arises as a result of? ...
The main purpose of control account is to? ...
Stock valuation is useful because it forms the sales department on the? ...
Customers use the financial position of a company to ...
Kudi Local Government Council incurred the following expenditure in 1995: N Payment of salar...
The double entries for refund of unsuccessful application monies are, debit ...