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Q3. TB 03-90 A customer orders a heavy duty machinery fro... A customer orders a heavy duty machinery from Yukon Inc in October. Yukon manufactures
Q3. TB 03-90 A customer orders a heavy duty machinery fro... A customer orders a heavy duty machinery from Yukon Inc in October. Yukon manufactures it in November and ships it along with their bill in December and receives payment in January. If Yukon is to recognize revenue in January, they are following: Multiple Choice Credit basis accounting Debit basis accounting Cash basis accounting Accrual-basis accounting
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