A cable television entity receives deposits from customers that are refunded when service is terminated.

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Posted by:
Moataz Ali Sobhi
22-September-2014

The average customer stays with the entity8 years. How should these

?deposits be shown on the financial statements

A. Operating revenue.

B. Other revenue.

C. Paid-in capital.

D. Liability.

Accounting Auditing Banking

Question ajoutée par Utilisateur supprimé
Date de publication: 2015/02/26

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par Imran Adwani , Head of Internal Audit , Abdulla Bin Zayed Investment Group

Option "d" - Liability.

To be more specific, its a non-current liability based on the facts given in the question.

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