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Deciding whether to record a sale when the order for services is received or when the services are performed is an example of a?

a.classification issue.

b.valuation issue.

c.recognition issue.

d.communication issue.

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Question added by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies
Date Posted: 2015/06/07
Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Yes Option C is the right answer.

Abdul Majid Khatri
by Abdul Majid Khatri , A Qualified Chartered Accountant , Honeycomb Logistics Pvt. Ltd.

Recognition Issue............................!!!!!!!!!!

Shazia Anees
by Shazia Anees , Assistant Manager Finance , Arham Trading Company

option c.recognition issue.

Zehab Osman
by Zehab Osman , Accountant , Aldar Consultancy Co.

c.recognition issue---------------------

Wasim khan wazir
by Wasim khan wazir , Finance Specialist , Mott Macdonald

This is samply recognition issue. Revenue recognition criteria written IAS18.

Option C is correct

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