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Chapter 2 IAS 18 Revenue. Definition Definition Revenue: The gross inflow of economic benefits (cash, receivables, other assets) arising from the ordinary. - ppt download
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Learning Objectives 1 To define and calculate revenue 2 To describe the different types of cost 3 To calculate revenue. - ppt download
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Revenue. Definition of Income: ◦ Income is increases in economic benefits during the accounting period in the form of inflows or enhancements of assets. - ppt download
T.R.Y - *Realization Concept or Principle* *Definition*:- Realization concept in accounting, also known as revenue recognition principle, refers to the application of accruals concept towards the recognition of revenue (income). Under this
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