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  3. Study Set
    Accounting Study Set 3
  4. Exam
    Exam 3: Recording Transactions
  5. Question
    The Term Used in the Framework for the Preparation and Presentation
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The Term Used in the Framework for the Preparation and Presentation

Question 3

Question 3

Multiple Choice

The term used in the Framework for the Preparation and Presentation of Financial Statements for income which arises in the course of the ordinary activities of an entity is:


A) revenue.
B) gain.
C) fees.
D) profit.

Correct Answer:

verifed

Verified

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