Dan says
13 years ago
procrastinate with me!
latest #21
Jake says
13 years ago
would love to, but I've got revision that needs doing! :-P
Dan says
13 years ago
so have I, hence why i need procrastination!
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Dan says
13 years ago
i feel like that!
Dan says
13 years ago
*whistle*
Jake says
13 years ago
ahaha :-D
Dan says
13 years ago
Jake
Dan says
13 years ago
accounting trivia for you
Dan says
13 years ago
to break the monotony
Dan says
13 years ago
when can a company claim money from an order is "profit"?
Dan says
13 years ago
a) when the order is placed
Dan says
13 years ago
B-) when goods delivered
Dan says
13 years ago
c) when payment clears
Dan says
13 years ago
:-)
Dan says
13 years ago
you suck
Dan says
13 years ago
but
Dan says
13 years ago
correct answer is b!
Dan says
13 years ago
realisation concept states that profit is only realised when control of the goods passes to the buyer
Dan says
13 years ago
it is then assumed that revenue can easily be measured and that it is probably that economic benefits will be received
Dan says
13 years ago
;-)
Dan says
13 years ago
anyway, signing off for a bitttt
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