Find the correct amount of revenue

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Question: Analyse the given examples to as certain the correct amount of revenue realised for the year ending 31st December 2016: 1)N.P received an order to supply gold ornaments worth $10000.They supplied gold ornaments worth $5000 upto the year ending 31st December 2016 and rest of the ornaments were supplied in January 2017. 2) Joln sold goods for $6000 for cash in 2017 and the goods have been delivered during the same year. 3) Peter sold goods on credit for $8000 during the year ending 31st December 2016.The goods have been delivered in 2016 but the payment was received in March 2017.

Reference no: EM131586660

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