on 30.11.20X1 the company undertook the maintenance of a customer's machines in exchange for the total amount of €6000. on the same date he received the amount of €4000, the amount registered as an advance payment. By the end of the year, the company had completed 60% of the total project, with the remainder to be completed next fiscal year. The mentioned amounts are considered significant. a. registration initial b. adjustment record
on 30.11.20X1 the company undertook the maintenance of a customer's machines in exchange for the total amount of €6000. on the same date he received the amount of €4000, the amount registered as an advance payment. By the end of the year, the company had completed 60% of the total project, with the remainder to be completed next fiscal year. The mentioned amounts are considered significant. a. registration initial b. adjustment record
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on 30.11.20X1 the company undertook the maintenance of a customer's machines in exchange for the total amount of €6000. on the same date he received the amount of €4000, the amount registered as an advance payment. By the end of the year, the company had completed 60% of the total project, with the remainder to be completed next fiscal year. The mentioned amounts are considered significant.
a. registration initial
b. adjustment record
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