When recognising revenue from the rendering of services in accordance with IAS 18 Revenue
A) Revenue arising from the rendering of services can only be recognised when all of the recognition criteria in paragraph 20 have been satisfied.
B) The method for recognising revenue from the rendering of services when all of the paragraph 20 recognition criteria have been met is referred to as the 'percentage-of-completion' method.
C) IAS 18 requires that revenue from the rendering of service be recognised on an accruals basis.
D) The method for recognising revenue from the rendering of services is referred to in IAS 18 as the 'cost recovery' approach.

Question

Quizplus · Accepted Answer

The Answer of When recognising revenue from the rendering of services in accordance with IAS 18 Revenue
A) Revenue arising from the rendering of services can only be recognised when all of the recognition criteria in paragraph 20 have been satisfied.
B) The method for recognising revenue from the rendering of services when all of the paragraph 20 recognition criteria have been met is referred to as the 'percentage-of-completion' method.
C) IAS 18 requires that revenue from the rendering of service be recognised on an accruals basis.
D) The method for recognising revenue from the rendering of services is referred to in IAS 18 as the 'cost recovery' approach.

When Recognising Revenue from the Rendering of Services in Accordance