Please answer with reason for all why the option is correct and why the other options are incorrect,, Please help with this Accounting type Question: Realisation concept would apply when: A. Money is realised from the debtors B. Goods are delivered to customer C. Order is received D. none of the above

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter3: Analyzing And Recording Transactions
Section: Chapter Questions
Problem 25MC: What is the impact on the accounting equation when a payment of account payable is made? A. both...
icon
Related questions
Topic Video
Question
Please answer with reason for all why the option is correct and why the other options are incorrect,,
Please help with this Accounting type Question: Realisation concept would apply when: A. Money is
realised from the debtors B. Goods are delivered to customer C. Order is received D. none of the
above
Transcribed Image Text:Please answer with reason for all why the option is correct and why the other options are incorrect,, Please help with this Accounting type Question: Realisation concept would apply when: A. Money is realised from the debtors B. Goods are delivered to customer C. Order is received D. none of the above
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Auditing: A Risk Based-Approach (MindTap Course L…
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning