Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

A company appropriately uses the completed-contract method to account for a long-term construction contract.

Revenue is recognized when progress billings are

           Recorded                      Collected

               A. No                                  Yes

               B. Yes                                 Yes

                C. Yes                                  No

                D. No                                    No

Accounting Auditing
user-image
Question added by Deleted user
Date Posted: 2015/02/27
Upvote (1) Views (6) Followers (4) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Sridhar Rajagopal

When revenue recognised  irrespective  of collection

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

b is the answer4 the question.

Write Your Answer
More Questions Like This