Examlex
Which of the following categories of revenue is not specified in AASB 118 Revenue?
Write Off
The accounting action of recognizing that an asset has reduced in value and reporting its loss.
Customer's Bill
A statement issued to a customer, outlining charges for goods or services provided.
Bad Debts Expense
The cost recognized by a business to account for receivables that are unlikely to be collected.
Net Credit Sales
The total value of sales made on credit minus returns or allowances, showing the actual credit sales amount that contributes to revenue.
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