Given the following information,how much revenue would be recognised in June? (i) Credit sales of $100 000 in June,20% to be collected in June.
(ii) Collected $70 000 in June from customers for May sales.
(iii) Received a deposit in June from a customer for $30 000 for work to be carried out in August.
A) $90 000
B) $10 000
C) $120 000
D) $130 000.
Correct Answer:
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