Why do think gross versus net became such a big issue

Reference no: EM132687993 , Length: 2

Question 1: Why do you think " Gross versus Net" became such a big issue in accounting?

Revenues are at the core of a firm's ability to grow and prosper; thus, they are central to the analysis of a firm's profitability. Although the time-of-sale is the most common technique employed to recognize revenues, in some instances, a strong argument can be made for recognizing revenue using other methods.

Reference no: EM132687993

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