I have 3 financial statements (balance sheet, income statement, cash flow statement) for a company that does wine producing , just wondering if someone can point me to the right statement to be able to determine the answer. the question is asking "how does the company recognise revenue?
Hi Yeah after looking at the income statement it lists it all as:
revenue from sales of goods
revenue from rendering of services
other revenue from ordinary activities
so looks like the company recognises revenue when it delivers or sells the goods thanks
Hi Yeah after looking at the income statement it lists it all as:
revenue from sales of goods
revenue from rendering of services
other revenue from ordinary activities
so looks like the company recognises revenue when it delivers or sells the goods thanks