Publication Date
1-1-1988
Document Type
Dissertation/Thesis
First Advisor
Hrubec, Thomas R.
Degree Name
B.S. (Bachelor of Science)
Legacy Department
Department of Accountancy
Abstract
In any economic society, there are various service industries. There is not specific category that all types of services can fit into because the services offered are so broad. Accounting for service sale transactions vary widely. However, four methods of revenue recognition established by Generally Accepted Accounting Principles are useful for assessing revenue and costs of service sale transactions. The four methods are: the specific performance method, the completed performance, the proportional performance method and the collection method are the most widely accepted methods for all possible service sale transactions. The best way to handle any particular service sale transaction is to use the few written rules as guidelines and apply the logic in these rules to the situation.
Recommended Citation
Lu, Min-Ying, "Service Sale Transactions" (1988). Honors Capstones. 998.
https://huskiecommons.lib.niu.edu/studentengagement-honorscapstones/998
Extent
27 pages
Language
eng
Publisher
Northern Illinois University
Rights Statement
In Copyright
Rights Statement 2
NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.
Media Type
Text
