Vidyalelo
Commerce · Q2528

Accounting

Graduate and Post Graduate · Commerce · question 2528

Q2528

Admission fee income should be . . . . . . . .

A.
capitalized
B.
treated as a revenue
C.
treated as revenue unless the amount is pretty large
Answer
D.
treated as a liability

Answer: Option C

Solution

Answer: Option C
No explanation is given for this question Let's Discuss on Board