Revenue is recognized in the profit and loss account as soon as a
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
- A Debtor pays what is due from him
- B Sale of goods takes place and money is received
- C Sale of goods takes place whether or not money is received
- D Sales of a fixed asset takes place
Correct Answer: Option C
Explanation:
Share question on: