Question

Accounting Standard AS 9 (Revenue Recognition) deals with the bases for recognition of revenue in the statement of profit and loss of an enterprise. The Standard is concerned with the recognition of revenue arising in the course of the ordinary activities of the enterprise from which of the following activities? 1.The sale of goods 2.The rendering of services 3.The use by others of enterprise resources yielding interest, royalties and dividends.

A All except 1
B All except 3
C All except 1,2
D All correct
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