menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Accounting Theory
  4. Exam
    Exam 9: Revenue
  5. Question
    Under the IAS Standards Accrued Revenue Cannot Be Recorded Because
Solved

Under the IAS Standards Accrued Revenue Cannot Be Recorded Because

Question 14

Question 14

True/False

Under the IAS standards accrued revenue cannot be recorded because there is no external transaction.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q9: In which of these cases would the

Q10: Which standard provides specific guidance about revenue

Q11: The IASB and the FASB's joint project

Q12: The statement regarding recognition versus realisation of

Q13: The main consideration to determine whether a

Q15: Which of the principles proposed by the

Q16: Explain the justification for using the percentage-of-completion

Q17: 'The increase in net worth view of

Q18: Explain why the point of sale '…is

Q19: Revenue recognition policies of US companies have

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines