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Card 6

Front

when should revenue be recognized

Back

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Card 7

Front

how should we recognise revenue for a long term contract

Back

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Card 8

Front

how do we recognise revenue for continuous services when we cant break it into stages

Back

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Card 9

Front

what does the matching convention mean

Back

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Card 10

Front

what is the difference between profit and liquidity

Back

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Card 11

Front

what is the accruals convention

Back

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Card 12

Front

what is depreciation

Back

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Card 13

Front

what are the four factors needed to be considered when calculating depreciation

Back

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Card 14

Front

what are the two methods of calculating depreciation

Back

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Card 15

Front

how do we use the straight line method

Back

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