Is it important to have an external transaction to support the amount of revenue recorded? Name a
Question:
Is it important to have an external transaction to support the amount of revenue recorded? Name a case in present accounting practice where revenue or gain is not directly based on an external transaction and state the reasons for this exception.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Accounting Theory
ISBN: 9780470818152
7th Edition
Authors: Jayne Godfrey, Ann Tarca, Allan Hodgson, Jane Hamilton, Scott Holmes
Question Posted: