Question

The John Marketing Company
recognizes this revenue in year 2018
This action is justified by:
జాన్ మార్కెటింగ్ కంపెనీ ఈ రెవెన్యూని 201
గుర్తించినది. ఈ గుర్తింపు ఎవరిద్వారా
అంగీకరించబడినది​

Answer 1

Answer:

Yes! This statement is true.

Explanation:

• The John marketing companies recognized the revenue in 2018.
• This question has been taken from the chapter "Accounting Principles and Concepts."
• The action of the John Marketing Company is justified by the revenue recognition principle and business entity concept.  
• It took the company a long time until it was fully established and starting generating goof revenue.