Accountancy, asked by meeramultiproducts, 2 months ago

revenue from interest recognied

Answers

Answered by ItzurBeBe
6

Answer:

Interest: Revenue is recognized on the time proportion basis after taking into account the amount outstanding and the rate applicable. ... Revenue has to be recognized on the basis of accrual basis and in accordance with the relevant agreement.

Explanation:

Answered by umapatisinghasna81
0

Answer:

Interest: Revenue is recognized on the time proportion basis after taking into account the amount outstanding and the rate applicable. ... Revenue has to be recognized on the basis of accrual basis and in accordance with the relevant agreement.

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