Question
I want to solve the correct choice without explanation On 1/1/2016, the Basra Company sold goods for the amount of 1815000 dinars to the customer
I want to solve the correct choice without explanation
On 1/1/2016, the Basra Company sold goods for the amount of 1815000 dinars to the customer Muhammad, and the goods were delivered on the date of signing the contract. The standard of revenue from contracts with customers are: *
A- An amount of 315,000 dinars must be recognized as interest income over the term of the contract.
B - An amount of 315,000 dinars must be recognized as interest expense over the term of the contract.
C- Sales revenue is recognized on 1/1/2016 in the amount of 1,815,000 dinars.
D- Sales revenue is recognized on December 31, 2016 at a value of 1,500,000 dinars.
E- Not from what was previously mentioned
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