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  9. Q26
Question 26

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
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2006
Question no.
#26
Type
Objective
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