Multiple Choice
On 1 April, 2013 Babies Unlimited sold a crib with accessories, which cost $1 000, for $1 500. It was sold for 10% deposit, with the balance to be paid in 6 equal payments beginning on 1 May, 2013. How much sales revenue is recognised in the calendar year 2013 under the instalment method?
A) $1 500
B) $150
C) $1 350
D) $300
Correct Answer:
Verified
Correct Answer:
Verified
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