Trade discounts and volume rebate should A. Be recognised as revenue B. Be ignored C. Be subtracted
Question:
Trade discounts and volume rebate should
A. Be recognised as revenue
B. Be ignored
C. Be subtracted from cost
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
C Be ...View the full answer
Answered By
Brown Arianne
Detail-oriented professional tutor with a solid 10 years of experience instilling confidence in high school and college students. Dedicated to empowering all students with constructive feedback and practical test-taking strategies. Effective educator and team player whether working in a school, university, or private provider setting. Active listener committed to helping students overcome academic challenges to reach personal goals.
4.60+
2+ Reviews
10+ Question Solved
Related Book For
Corporate Accounting As Per The Companies Act 2013 Including Rules 2014 And 2015
ISBN: 9789352605569
2nd Edition
Authors: M Hanif, A Mukherjee
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Natureview Farm It was a crisp Vermont morning in February 2000. Christine Walker, vice president of marketing for Natureview Farm, Inc., a small yogurt manufacturer, paused to collect her thoughts...
-
Your firm has recently been appointed as the external auditor of Naga Berhad (Naga), a listed company, for the year ended 30 November 2021, following the resignation of the previous auditor. Naga is...
-
What steps have been taken in the EU to provide lighter accounting regulation for micro-entities?
-
Susan Meyer, owner/manager of Meyers Motor Court in Key West, is considering outsourcing the daily room cleanup for her motel to Duffys Maid Service. Susan rents an average of 50 rooms for each of...
-
Paul purchases a royalty interest in an oil well for $125,000. Paul's share of the gross income from the sale of oil for the year is $40,000. His share of the expenses related to the production of...
-
Explain the various methods of grinding.
-
Consider the recent performance of the Closed Fund, a closed-end fund devoted to finding undervalued, thinly traded stocks: Here, price premiums and discounts are indicated by pluses and minuses,...
-
. How a flash memory can be Read, Erased, or Programmed? Explain the steps involved.
-
Normal credit risk derived from sales A. Is a reason to defer revenue recognition B. Is not a reason to defer revenue recognition C. Is disclosed in the directors report
-
Revenue A. Includes government grants and other subsidies B. Includes sales tax and VAT C. Is the gross inflow of cash receivables or other consideration arising in the course of the ordinary...
-
The following selected transactions occurred at Home Staging by Clarissa during the year; sales taxes apply: Jan. 20. Purchased three living room sofas on account from Sofas R Us, $7,500, terms n/30,...
-
The 5 region of the TPP riboswitch in Bacillus subtilis is very similar to the TPP riboswitch in E. coli. However, the riboswitch in B. subtilis regulates transcription, whereas the one in E.coli...
-
Describe the important events that occur during gene transcription in bacteria. What proteins play critical roles in the three stages?
-
To map QTLs, researchers cross strains that differ with regard to a. a quantitative trait. b. molecular markers. c. a quantitative trait and molecular markers. d. a quantitative trait and a...
-
Evolution that results because certain genotypes have a higher reproductive success is based on a. genetic variation. b. natural selection. c. genetic drift. d. both a and b.
-
What percentage of the U.S. population was living in poverty in 2015?
-
Reagents such as HC1, HBr, and HOH (H2O) can add across carbon-carbon double and triple bonds, with H forming a bond to one of the carbon atoms in the multiple bond and Cl, Br, or OH forming a bond...
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
How can culture be transmitted to employees? Provide examples for each.
-
Explain how an ethical culture can be established.
-
What is a positive organizational culture and what key variables are used in creating it?
-
How does PostgreSQL support the evolution of database schemas while preserving data integrity constraints, including techniques such as ALTER TABLE operations, constraint migrations, and backward...
-
In what ways do declarative constraints in relational databases, such as PostgreSQL, contribute to data integrity and consistency enforcement, and how do they differ from imperative constraints ?
-
You are participating in league bowling with your friends. Time after time, you notice that your bowling ball rolls back to you without slipping on the flat section of track. When the ball encounters...
Study smarter with the SolutionInn App