Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2016 were as follows:

What was the reported profit for the year ended 30 June 2016 if revenue was recognised at the point of sale?
A) $4 750 000
B) $5 000 000
C) $6 000 000
D) $2 000 000

Question

Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2016 were as follows:

What was the reported profit for the year ended 30 June 2016 if revenue was recognised at the point of sale?
A) $4 750 000 
B) $5 000 000 
C) $6 000 000 
D) $2 000 000

Quizplus · Accepted Answer

The Answer of Holidays Ltd manufactures caravans. Transactions for the year ended 30 June 2016 were as follows:

What was the reported profit for the year ended 30 June 2016 if revenue was recognised at the point of sale?
A) $4 750 000 
B) $5 000 000 
C) $6 000 000 
D) $2 000 000

Holidays Ltd Manufactures Caravans