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Recording revenue when a sale is made most directly relates to which concept?
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∙ 10y ago
Matching concept
Wiki User
∙ 10y ago
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What directly generates revenue a business?
Output directly generates revenue for business.Output
The flex in the flexible budget relates solely to variable costs?
The flex in the flexible budget relates solely to variable costs such that it uses percentages of revenue for certain expenses. Flex budget is used rather that the usual fixed numbers to allow for an infinite series of changes in budgeted expenses that are directly tied to actual revenue incurred.
What is realisation concept in financial accounting?
Realization concept is also known as Revenue recognition concept. Under this concept revenue is said to be recognized by the seller when it is earned irrespective of cash received or not.
The revenue recognition concept?
The revenue recognition concept is commonly used in accrual form of accounting. This indicates revenue should only be recorded when and entity is completed to a substantial level.
What directly generates revenue for a business?
Output directly generates revenue for business.Output
What is revenue expenditure?
A revenue expenditure is anything that relates to the day to day running of the business; for example, wages and salaries.
The recording of an expense could result in a corresponding increase in?
revenue
How does production influence revenue?
Revenue is directly proportional to the production. Higher the production, more the revenue would be.
Which concept of revenue is called price?
Average revenue is nothing but the price of the product. Average revenue is the same as price of the commodity
Demonstrate the Relationship between elasticity and totoal revenue?
how government use the elasticity concept to genrate revenue
The process of recording revenue in the period it is earned is in line with which principle?
Matching Principle.
What is associate with the accrual concept of accounting?
Revenue is recognised when earned.
