Under French accounting, revenue recognition applies to

Under French accounting, revenue recognition applies to

Under French accounting, revenue recognition applies to: (choose 2)

A. Sales of goods (ventes de marchandises)

B. Services rendered (prestations de services)

C. Owner contributions

D. Bank loans

Answer: A, B

Explanation: Revenue recognition applies to revenues generated from the company’s core operations, such as sales of goods and services rendered. These are recorded in Class 7. Owner contributions are equity (Class 10), and bank loans are liabilities—neither are revenues.