Ron receives the check in the mail, Accounting Basics

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Ron receives the check in the mail

Ron's Hot Rod shop follow the revenue recognition principle. Ron services a car on July 31. The customer picks up the vehicle on August 1 and mails the payment to Ron on August 5. Ron receives the check in the mail on August 6. When should Ron show that the revenue was earned?

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Accounting Basics: Ron receives the check in the mail

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Accounting Basics: Ron receives the check in the mail

Reference No:- TGS0710268

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : What is the difference between budget lapsing and line-item

Q : What should installation division managers do

Q : Galvaset industries manufactures

Q : Explain advantages and disadvantages of the previous budget

Q : Ron receives the check in the mail

Q : List the strengths and weaknesses of the budgeting

Q : Cindi candies paid employee wages

Q : Discuss two contribution format income statements

Q : What is the amount of cash used by financing

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Ron receives the check in the mail

Reference No:- TGS0710268

Recent Questions Asked Accounting Basics

Q : What is the difference between budget lapsing and line-item

Q : What should installation division managers do

Q : Galvaset industries manufactures

Q : Explain advantages and disadvantages of the previous budget

Q : Ron receives the check in the mail

Q : List the strengths and weaknesses of the budgeting

Q : Cindi candies paid employee wages

Q : Discuss two contribution format income statements

Q : What is the amount of cash used by financing

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