Which of the following is a condition which must be satisfied before revenue arising from the rendering of services may be recognized?

Question

a.	The amount of revenue can be measured reliably
b.	It is certain that the economic benefits associated with the transaction will flow to the seller
c.	The sales transaction is100% complete at the end of the reporting period
d.	The costs incurred in respect of the transaction can be measured with certainty

Ezzidin Ibrahim · Answer

b. It is certain that the economic benefits associated with the transaction will flow to the seller

مستخدم محذوف‎ · Answer

Options a & b collectively

Prince Ninan · Answer

The amount of revenue can be measured with certainity and services has been rendered

Farhan uddin Khilji · Answer

a.
The amount of revenue can be measured reliably &b.
It is certain that the economic benefits associated with the transaction will flow to the seller c & d are not revenue recognition conditions.

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Which of the following is a condition which must be satisfied before revenue arising from the rendering of services may be recognized?

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