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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Accounting Information For Business Decisions Accounting

ISBN: 9780170446242

4th Edition

Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh

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