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When a company provides a service to a customer, the revenue is recorded when:

The cash is received b. The company performs the service c. The company bills the customer d. It is certain the customer is not going to complain about the quality of the service

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Question ajoutée par suleman anjum , Accounts and Finance Executive , Paksolarcells Pvt. ltd
Date de publication: 2013/11/13
Mohammed Salim Allana
par Mohammed Salim Allana , Compliance and Assurance Manager , United Arab Bank

c. When the company bills the customer, show the first entry in your credit sales a/c 

and second entry when received the cash for the goods and services.

Tamer Elbeshbishy
par Tamer Elbeshbishy , Financial and Administration Manager , Muscat Towers Holding Group

According to the Recognition of Revenue Principle

We have to conditions should be met together before the recording of the revenues. 

1-     Goods should be delivered and/or services should be made.

2-     Cash, or Accounts/Notes receivables should be obtained.

Without these two conditions, you are not allowed to record such items as revenues any more.  

Thank You 

 

Habeebuddin Mohammad
par Habeebuddin Mohammad , psychologist , medi assist

When company gets bill amount from customer.

Ravi Chhantel
par Ravi Chhantel , Assistant Finance Manager , Tiger Palace Resort

Revenue is recognised  only when it is probable that economic benefits associated with the transaction will flow to the entity.It means that when invoicing a customer,revenue sholud be recognised.

vivian yanos
par vivian yanos , office staff personel , Eastwest bank universal philippines

b.The company perform their services that start your revenue for the company

when c.the company bill the customers start the record revenue its a annully or quarterly revenue of company

okeowo onipede
par okeowo onipede , facilities management , qbg service

 THE ANSWER IS A.The cash is received

Sahar Alech
par Sahar Alech , Auditor / Financial Manager , Accounting Services Office

Agree with Mr. TAMER......

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