Question: Question 8 -- / 1 ABC Itd provides office cleaning services. They have a year-end of 30th September. During the 12 month period from 1st

Question 8 -- / 1 ABC Itd provides office cleaning services.

Question 8 -- / 1 ABC Itd provides office cleaning services. They have a year-end of 30th September. During the 12 month period from 1st February 2014 to 31 January 2015 they charge one of their customers 180,000 for cleaning services. How much revenue should be recognised in ABC's financial statements for the year ended 30th September 2014? 135,000 2. 105,000 3 120,000 4 150,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

QUESTION 13 ABC itd provides office cleaning services. They have a year-end of 30th September. During the 12 month period from 1st February 2014 to 31 January 2015 they charge one of their customers...

ABC Itd provides office cleaning services. They have a year-end of 30th September. During the 12 month period from 1st February 2014 to 31 January 2015 they charge one of their customers 180,000 for...

ABC ltd provides office cleaning services. They have a year-end of 30th September. During the 12 month period from 1st December 2013 to 30th November 2014 they charge one of their customers 60,000...

Need ONLY an answer to Part C, step 1, questions 1 and 3. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company Assigned to you Find the most...

Need a sample answer for part C. Looking for a tutor to answer this question for the tutor credits I have. Would be a great help if someone would work with this price. Thanks a lot, really appreciate...

Need a sample answer for "part C" only. Doesn't have to be extremely detailed. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company Assigned to...

Need the answer to Part C question only questions regarding the Step 2 - 7th question. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company...

Just need answer to part C question step 1, chart of accounts(1st question in step 1). Only need answer to that. Term Project Part A: Understanding Financial Statements Locate and use an annual...

Need the answer to Part C question only questions regarding the Step 2 - 7th question. Term Project Part A: Understanding Financial Statements Locate and use an annual report STEP 1: The Company...

Use the Wilcox on rank-sum test for the pipe deflection temperature experiment described in Exercise 10-20. If a = 0.05, what are your conclusions?

Graduating at the end of the Spring semester, congratulations, you are starting at FIN 310 Corporations a week after graduation. The offer is competitive. As such, you decided to buy a home. The...

Making a decision tree deeper will assure better fit but reduce robustness.

9. (15 points) A company is considering a new project that requires an investment of \$5 million. The project is expected to generate cash flows of $2 million in year 1,$3 million in year 2, and $4...

3-7 Why are disruptive technologies so difficult for even the companies that develop them?

3-6 It has been said that the advantage that leading- edge retailers such as Dell and Walmart have over their competition isnt technology; its their management. Do you agree? Why or why not?

3. Are there any disadvantages to mining customer data? Explain your answer. With the amount of data available to companies doubling every year, new sources of data, and innovations in data...