State whether you think a business would recognise the following as revenue. When would it be recognised?
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State whether you think a business would recognise the following as revenue. When would it be recognised?
a Cash sale by business $20 000 b Sale of excess equipment by a restaurant $350 c Hairdressing services for which clients paid cash $120 d Sale of goods on credit by a retailer $180 e A printer received deposit on an order to print stationery for a client $200 f A real estate business receives commission on advance of a sale of a house $3000.
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Related Book For
Accounting Information For Business Decisions Accounting
ISBN: 9780170446242
4th Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh
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