Current period income statement


The scheme where normally the books are "closed" at the end of each reporting period, and sales that occur after the closing date do not appear in the current period income statement is called:

a. sham sales

b. recognition of conditional sales

c. improper cutoff of sales

d. conditional sales

e. None of the above.

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Accounting Basics: Current period income statement
Reference No:- TGS044363

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