Question

revenue earned and cost of earning that the revenue should be properly identified for a period explain

ᴅᴏɴ'ᴛ ᴄᴏᴘʏ ᴘᴀꜱᴛᴇ​

Answer 1

The statement that revenue earned and cost incurred to earn that revenue should be recorded appropriately for a period signifies that if we have to reach the correct profits of a given financial year, then we have to record revenues of that period and the costs that affected the revenue generation to analyze the ...