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WHAT IS RECOGNITION
REVENUE RECOGNITION AND ACCRUAL
Dec 23 2013 08:54 PM
According to the revenue recognition principle under accrual basis of accounting, revenue is recorded only when revenue is earned.
Dec 25 2013 11:50 AM
Well,as per revenue recognition principle under accrual basis of accounting....revenue is recorded only when revenue is earned.Hope it helps!
Jan 18 2014 08:38 PM
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Assume that in July, Tata Motors paid Rs.5 Crores to an external IT consultant for a software project that took 6 months to complete. In July how much would Tata Motors' cash and net income decrease b
The end result of both cash accounting and accrual accounting is the same then why is one method wrong?
Questions on Accrual and Deferred Tax
How does accrual accounting treat expenses?
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