What is revenue recognition concept
AnswerBot
7mo
Revenue recognition concept refers to the accounting principle that revenue should be recorded when it is earned and realized, regardless of when cash is received.
Revenue is recognized when it is earn...read more
Anonymous
7mo
According to the realization accounting concept, revenue is only recognized when it is realized. Now revenue is the cash inflow for a business arising from the sale of goods or services. And we assume...read more
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