One way of recognizing revenues

Reference no: EM132472548 , Length: word count:500

Please respond the below statement and Problem:

200 words and reference for each statement

Statement No.1 Sub: Advanced Cost accounting
Sometimes in the course of business it becomes necessary for managers to try to allocate revenues between different products.

Statement No. 2 Sub: Advanced Cost accounting
Revenue allocation occurs when revenues are related to a particular product but cannot be traced to revenue in a feasible way

Problem No.3

100 words and reference: sub: advanced Cost accounting

Wouldn't it be better for accounting if we just had one way of recognizing revenues? Why or why not?

Attachment:- Respond the statement - Advanced Cost accounting.rar

Reference no: EM132472548

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