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When should Omar recognize the revenue for this transaction under the accrual basis? On October 1, Omar provides catering services to a corporate client and invoices them for SAR 12,000. The payment is not received until November 15. When should Omar recognize the revenue for this transaction under the accrual basis?
Accounting Principles of Accounting Assignment Question(s): Question 1: (5 Marks) Sarah owns a boutique that sells women’s clothing and accessories. She keeps track of her business transactions using a journal. […]