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A company received an order from a customer in June for services to be provided. Those services were provided in July, and the customer paid
A company received an order from a customer in June for services to be provided. Those services were provided in July, and the customer paid the full amount in August. According to the revenue recognition principle, in which month should the company record revenue?
Multiple Choice
June
July
August
Evenly over the three months
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Financial Accounting For Non Specialities
Authors: Peter Atrill, Eddie McLaney
2nd Edition
0139833625, 9780139833625
