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Commerce · Q1770

Accounting

Graduate and Post Graduate · Commerce · question 1770

Q1770

As per Revenue Recognition Concept, revenue is deemed to be realised

A.
when purchase order is received from the purchaser
B.
when goods are delivered to the purchaser
C.
when the title of the goods has been transferred to the purchaser
Answer
D.
when cash is received from the purchaser

Answer: Option C

Solution

Answer: Option C
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