Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 25 - No. 25)
A company has unearned revenue. This unearned revenue will be recognized as revenue when:
Cash is received.
A contract is signed.
The services are performed.
An invoice is sent.
Explanation
Revenue is recognized when earned, in this case, after the service is performed.
Comments (0)
