Which of the Following Is NOT a Condition That Needs

question 16

Multiple Choice

Which of the following is NOT a condition that needs to be satisfied prior to recognising revenue from the rendering of services using the 'percentage of completion' method?

• A) The amount of revenue can be measured reliably.
• B) The stage of completion of the transaction can be measured reliably.
• C) The costs of the transaction (including future costs) can be measured reliably.
• D) The contract is non-cancellable.

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Definitions:

Malnourished Children

Children suffering from undernutrition due to a lack of essential nutrients, leading to growth and developmental issues.

Energy

The capacity to do work or produce change, existing in different forms like kinetic, potential, thermal, chemical, and electrical.

Proteins

Large, complex molecules made of amino acids that play essential roles in the body, including in structures, hormones, enzymes, and immune response.

Minerals

Minerals are naturally occurring, inorganic substances that have a definitive chemical composition and physical properties.