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  2. Topic
    Business
  3. Study Set
    Financial Accounting
  4. Exam
    Exam 33: Revenue Recognition and Expenditure Classification
  5. Question
    Revenue Is Generally Recognised as Being Earned at That Point
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Revenue Is Generally Recognised as Being Earned at That Point

Question 1

Question 1

Multiple Choice

Revenue is generally recognised as being earned at that point of time when


A) sale is effected .
B) cash is received .
C) production is completed .
D) debts are collected

Correct Answer:

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