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Revenues from the theatrical supply of motion pictures are recognized when motion pictures are exhibited. Television licensing revenues are recorded while the program material is available for telecasting by the licensee and when certain other conditions are met. Revenues from video sales are acknowledged on the date that video units are made widely available for sale by retailers.
Revenues from participants as well as sponsors at the theme parks are generally recorded over the period of the applicable agreements commencing with the opening of the related attraction.
AP2-2
Q. Show Purchase Returns and Allowances account? Both allowances and returns reduce the buyer's debt to the seller and decrease the cost of the goods purchased. The buyer may d
i want to work for online assignments in basic accountancy
at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is
Q. What is Current liabilities? Current liabilities are debts due inside one year or one operating cycle whichever is longer. The payment of current liabilities usually require
1. My accountant has told me that my business made a profit of £100,000 last year. However over the same time period my bank balance has decreased and not increased as I expected.
how is withdrawaL OF goods by owner for personal use treated in the books
what is the contributed capital and how do you figure it out?
Q. What is Estimated useful life? The estimated useful life of an asset is the approximate time that a company can use the asset. Useful life is estimation not an exact measure
what the accounts maintained in retail business
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