Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2016 were as follows:

What was the reported profit for the year ended 30 June 2016 if revenue was recognised when cash was received?
A) $5 000 000
B) $6 000 000
C) $24 000 000
D) $4 000 000

Question

Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2016 were as follows:

What was the reported profit for the year ended 30 June 2016 if revenue was recognised when cash was received?
A) $5 000 000 
B) $6 000 000 
C) $24 000 000 
D) $4 000 000

Quizplus · Accepted Answer

The Answer of Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2016 were as follows:

What was the reported profit for the year ended 30 June 2016 if revenue was recognised when cash was received?
A) $5 000 000 
B) $6 000 000 
C) $24 000 000 
D) $4 000 000

Holidays Ltd Manufactures Caravans