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What is the justification for the following deviations from recognizing revenue at the time of sale?

(a) Installment sales method of recognizing revenue.

(b) Recognition of revenue at completion of production for certain agricultural products.

(c) The percentage-of-completion basis in long-term construction contracts.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91948092

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