Vidyalelo
Commerce · Q615

Costing

Graduate and Post Graduate · Commerce · question 615

Q615

A particular term for which specific revenue measurement is required is known as

A.
revenue allocation
B.
revenue object
Answer
C.
revenue increment
D.
reciprocal revenue

Answer: Option B

Solution

Answer: Option B
Solution:
A particular term for which specific revenue measurement is required is known as revenue object. A revenue object document is used as the basis for revenue recognition and partner settlement.