Kizspy | Question: 2
(Choose 1 answer)
On January 01 the company signed a contract providing services of $10.000.January 05 the company received $5,000 cash as advanced payment before providing services.
January 12 the company completed the services.January 20 the client paid for the remaining $5,000
What is the date to record revenue of the company based on the revenue recognition principle?
A. January 12
B. January 01
C. January 20
D. January 05
E. It depends
