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  3. which of the following are revenues? • 1. provid

Which of the following are revenues? • 1. Provided a cleaning service and received $200 cash...

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Accounting

Which of the following are revenues? • 1. Provided a cleaningservice and received $200 cash 2. Earned $400 interest on bankdeposit, amount not yet paid by the bank 3. Provided managementservices to client. The fee for this service has been received inadvance 4. Received $2000 deposit for goods to be delivered in thefuture

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Revenue can be recognised when there is no uncertainty in its collection When there is any uncertainty in its collection it is to be postponed until it becomes certain In the given    See Answer
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