Question
15. Flyer Co. billed a client for flying lessons given in January. The payment was received in February. Under the accrual basis of accounting, when
15. Flyer Co. billed a client for flying lessons given in January. The payment was received in February. Under the accrual basis of accounting, when should Flyer Co. record the revenue?
a. Flyer Co. should not record any revenue
b. Some in January and some in February
c. January
d. February
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Auditing Web Applications A Complete Guide
Authors: Gerardus Blokdyk
1st Edition
1038803721, 978-1038803726
