On 4 December 2020 a company provided a service to a customer on credit for OMR...

 

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On 4 December 2020 a company provided a service to a customer on credit for OMR 1,000. The customer informed the company that he will pay OMR 1,000 on 2 January 2021. If the company follows accrual basis accounting, when should they recognize the revenue in the accounting records? O a. None of the options O b. On 4 December 2020 O c. On 4 December 2020 and on 2 January 2021 O d. On 2 January 2021 On 4 December 2020 a company provided a service to a customer on credit for OMR 1,000. The customer informed the company that he will pay OMR 1,000 on 2 January 2021. If the company follows accrual basis accounting, when should they recognize the revenue in the accounting records? O a. None of the options O b. On 4 December 2020 O c. On 4 December 2020 and on 2 January 2021 O d. On 2 January 2021

Answer rating: 100% (QA)

the company should recognise the revenue in the accounting records on b on 4 Decembe... View the full answer