One of the legal firms named Shah Legal Services, delivered services in the amount of...
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Accounting
One of the legal firms named Shah Legal Services, delivered services in the amount of Rs.1000/- for a customer in January 2020 and receives cash payments in February 2020. This Rs. 1000/- revenue is recognized in which month? Why would it be charged to that month? Which GAAP principle needs to be followed? Explain/define that GAAP principle as well
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