Accounts revenue recognition : Revenue Recognition by ClassOf1

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Revenue Recognition based on accrual basis. : Suppose you start up your own photography business to shoot videos at 9 college parties. The freshman class pays you $100 in advance just to guarantee your services for its parry.

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									              Sub: Accounts                                                    Topic: Revenue Recognition

              Question:

              Revenue Recognition based on accrual basis.

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              Please provide explanation as to how you derived to your answers

              Suppose you start up your own photography business to shoot videos at 9 college parties. The
              freshman class pays you $100 in advance just to guarantee your services for its parry. The
              sophomore class promises you a minimum of $250 for filming its formal, and you end up
              collecting cash of S400 for
								
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