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Which of the following methods of recognizing revenue is in accordance with the principles of the PFRSs?   a

Accounting

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Which of the following methods of recognizing revenue is in accordance with the principles of the PFRSs?

 

a.) Installment sales method - Yes; Cost recovery method - Yes

 

b.) Installment sales method - No; Cost recovery method - Yes

 

c.) Installment sales method - Yes; Cost recovery method - No

 

d.) Installment sales method - No; Cost recovery method - No