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Given the Following Information,how Much Revenue Would Be Recognised in June

Question 30

Multiple Choice

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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