In the given case, the Maryam faces a dilemma due to the advice given by Mr. Rashid. The company has not taken a big amount into consideration and hence shown losses in the past. Due to this, the company has not been able to show adequate and correct amount of profits and revenue. Because the contract says that the company has to provide services from 2nd of Dec, the company is required to take the amount into consideration. The business needs to report the amount based on the date from which services are provided. The company should have recognized Continue reading...
