Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

which one is Sales revenue is regarded as earned if the following conditions have :been fulfilled a. If the sale of merchandise is made

image text in transcribed

which one is Sales revenue is regarded as earned if the following conditions have :been fulfilled a. If the sale of merchandise is made on cash b. The primary source of revenue for a merchandising firm c. A trade discount is a percentage reduction granted to a customer from the specified list price or catalogue price d. The buyer has paid the purchase price of the .goods or it is certain that he will pay the price

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Payroll Accounting 2016

Authors: Jeanette Landin, Paulette Schirmer

2nd edition

978-1259821950, 1259821951, 1259572196, 978-1259572197

More Books

Students also viewed these Accounting questions

Question

Define Management by exception

Answered: 1 week ago

Question

Explain the importance of staffing in business organisations

Answered: 1 week ago

Question

What are the types of forms of communication ?

Answered: 1 week ago