Installment sales method

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    Topic
  • October 6, 2015 at 7:10 pm #197378
    NinaSun
    Member

    The installment sales method of recognizing revenue:

    a. Should be used if it is doubtful that the amount due will be collected

    b. Can be used as an elective accounting method regardless of the type of sale

    c. Should only be used with the aging of receivable method

    d. Should be used only if the amount ultimately collectible cannot be estimated

    The correct answer is “d”. Can any one explain the difference between “a” and “d”?

    AUD-74,75 11/2014
    REG-80 04/2015
    FAR-74, 91 11/2015
    BEC-79 08/2015

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