One single rule cannot govern the revenue and expense recognition for all the type of business enterprises,

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“One single rule cannot govern the revenue and expense recognition for all the type of business enterprises, even in the same business enterprises different rules are applicable at different times.” Do you agree? Discuss.

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Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

Question Posted: Dec 15, 2023 11:39 PM

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One single rule cannot govern the revenue and expense recognition for all the type of business enterprises,

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Financial Accounting

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