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Ascertain the amount of current revenue realized for the year ending 31st December 2006?

Ascertain the amount of current revenue realized for the year endingst

December

(i) An order, to supply goods for Rs.,, is received in the year.

The goods have been supplied only for Rs.,, in.

(ii) What will be the revenue (i) if the payment of Rs.6,, is received

in cash in and the balance payment of Rs.4,, received in

.

(iii) What will be the revenue if the goods have been sold on credit and

the payment of Rs. is received in the year, while all the

goods of Rs.,, are supplied in the year.

(iv) What will be the revenue if an advance payment of Rs., is

received in the year and the balance received in the year.

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Question added by Mohammad Iqbal Abubaker , Jahaca Pty Ltd - Accounts Administrator , Jahaca Pty Ltd - Accounts Administrator
Date Posted: 2017/03/09
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