7. In which of the following scenarios can revenue be recognized according to the revenue...
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Accounting
In which of the following scenarios can revenue be recognized according to the revenue recognition principle?
A A company signs a contract to provide services over the next months and immediately recognises the full contract value as revenue.
B A retail store sells goods to a customer and delivers them, but the payment nt will be made in days. The company recognises the revenue at the time of delivery.
C A company receives a nonrefundable deposit for services to be provided in six months and recognises the full amount as revenue upon receiving the deposit.
D A company delivers goods to a customer but the customer has the right to return the goods within Days. The Company recognises the revenue immediately upon the delivery of goods.
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