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agasfer [191]
3 years ago
15

An actual agency that arises by deduction or inferences from other facts and circumstances, including the words and conduct of t

he parties, best describes __________
Business
1 answer:
Leona [35]3 years ago
7 0

Answer:

The correct answer is " Implied agency/ostensible".

Explanation:

  • An effective power implicitly granted by that of the principle to its agent has demonstrated or derived from some kind of relationship across the accused principle as well as the agency, would be considered as Implied agency.
  • The connection between 2 organizations allows individuals might assume that one of those would be a separate operator, as well as inversely, is a ostensible agency.

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b. July

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According to the revenue recognition principle, the revenue has to be recognised in the period the services are provided.

In the question, the services were provided in July, so the revenue needs to be recognised in July,

The fact that the order was received in June or that the payment from the customer was received in August is not relevant for purposes of revenue recognition.

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garik1379 [7]

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