Revenue is recognized in the profit and loss account as soon as a

Revenue is recognized in the profit and loss account as soon as a
  • A.
    debtor pays what is due from him
  • B.
    sale of goods takes place and money is received
  • C.
    sale of goods takes place whether or not money is received
  • D.
    sales of a fixed asset takes place
Correct Answer: Option C
Explanation
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