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a. Cash is received b. Service or goods have been delivered
when risk and reward is transfer to customer.Goods delievery is one of the condition to recognise revenue according to IAS18.
Option B
b.goods or services have been delivered
B
B
B
b. Service or goods have been delivered
Based on principle of recognizing when it occured regardless of when the cash was received.
Answer ( B ) - Service or goods have been delivered
B is correct
b is the correct answer. in accural concept receipt and payment of cash is irrelevent. occuuence of event is important
