menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Issues in Financial Accounting
  4. Exam
    Exam 4: A Conceptual Framework: Recognition and Measurement of the Elements of Financial Statements
  5. Question
    The Receipt of Cash or Its Equivalent from an Income
Solved

The Receipt of Cash or Its Equivalent from an Income

Question 6

Question 6

Multiple Choice

The receipt of cash or its equivalent from an income transaction is known as:


A) realisation
B) resolution
C) reception
D) recognition

Correct Answer:

verifed

Verified

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

Related Questions

Q3: Discuss the advantages and disadvantages associated with

Q4: Under the Framework,the statement that is correct

Q5: It is a conventional accounting practice to

Q6: In accounting,'value' can mean:<br>A) historical cost<br>B) market

Q9: Assume that assets have been offered for

Q10: The correct statement is:<br>A) Value-in-use is lower

Q11: Which statement concerning liabilities is not correct?<br>A)

Q23: Future economic benefits for assets come from:<br>A)

Q28: Which of these is the strongest argument

Q29: In the Framework,'probable' means:<br>A) greater than 50%

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