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An airline should recognize revenue from airline tickets in the period when:

A. Passenger reservations are booked.

B. Passenger reservations are confirmed.

C. Tickets are issued.

D. Related flights occur.

Accounting Auditing
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Question added by Deleted user
Date Posted: 2015/02/27
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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Option D  >>>>>>>>>>>>>>>>>>>>>    Related flights occur.

Sara Naeem
by Sara Naeem , Trainee Finance officer , Wah Brass Mill

Thank you Sir for giving me opportunity..answer is Option D ) related flights occur.

Muhammad Imran
by Muhammad Imran , Head of Accounts & Company Secretary , Fauji Infraavest Foods Limited

D is correct.

When related flights occur.

Rowan Elhossary
by Rowan Elhossary , Sales and service rep , CIB

D When the actual service occurs then the revenue is recognized and reduced from the liability they owe to the customer for the service that should be provided for a pre-purchased ticket

Safia Seif Hamad

I would go for C, when tickets are issued. since it is the time payment has been done.

aziz urrehman
by aziz urrehman , key account executive , alkhair group of companies foam manufacturing

C is the correct one becuase when it issue once a ticket it can be cancel onely.

Ahmed Mekky
by Ahmed Mekky , Operations Officer - Contact Centre Operations & Retail Counter , Qatar Airways

D. Related flights occur.

In other words, the airline industry measures a worth based on flown revenue.

Alex Haliabarda
by Alex Haliabarda

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Khurram Shaukat Memon
by Khurram Shaukat Memon , Academic Research Writer , Freelance Academic Research Writer

I think answer (C) may be correct here.

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