1.

Name different methods of revenue collection

Answer»

FiveMethodsManagement Can Use to Smooth Earnings on theIncomeStatement

Two Tests forRevenueRecognition.

RevenueRecognitionMethod1: Sales Basis.

RevenueRecognitionMethod2: Percentage of Completion.

RevenueRecognitionMethod4: Cost RecoverabilityMethod.

RevenueRecognitionMethod5: Installment.

Various methods of revenue collection were permanent settlement, mahalwari settlement and ryotwari settlement.Is this correct answer



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