Revenue Should Be Recognised When

Multiple Choice

Revenue should be recognised when:
(i) it can be reasonably measured in dollar terms
(ii) cash,a promise of cash,or other asset,has been received
(iii) most of the costs of generating the revenue have been incurred,and those remaining can be measured with reasonable accuracy.

A) (i) and (ii) only
B) (i) and (iii) only
C) (ii) and (iii) only
D) (i) ,(ii) and (iii) .