CIMA Fundamentals of financial accounting BA3 Question # 113 Topic 12 Discussion

CIMA Fundamentals of financial accounting BA3 Question # 113 Topic 12 Discussion

BA3 Exam Topic 12 Question 113 Discussion:
Question #: 113
Topic #: 12

Which of the following statements about revenue is CORRECT?


A.

Revenue is claimed when received, not earned


B.

Revenue cannot be claimed until the end of the period


C.

Revenue is claimed when earned, not received


D.

Revenue is never earned


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