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متابعة

The percentage-of-completion method of accounting for long-term construction contracts is an exception to the?

A. Going concern assumption.

B. Revenue recognition principle.

C. Matching principle.

D. Historical cost principle.

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تم إضافة السؤال من قبل Hossam Mohamed , Senior Accountant , Allied Arab Assurance Brokerage
تاريخ النشر: 2015/08/15
Ahmed kandil
من قبل Ahmed kandil , Cost Controller , Battour Holding Cpompany

Answer B is the correct Answer 

Ahmad Halloum
من قبل Ahmad Halloum , Senior Accountant , M.O. GANDOUR & SONS

"B" is the right answer.

The percentage-of-completion method allows revenue to be recognized before the asset has been completed.

It's an exception to the normal revenue recognition methods.

Pratheepan Sathasivam
من قبل Pratheepan Sathasivam , Senior Accounting Supervisor , Almarai

Historical cost principle.

المزيد من الأسئلة المماثلة