The 'Revenue Recognition' principle requires that

Q: Answer-The 'Revenue Recognition' principle requires that revenue should be recognized when:

The Revenue Recognition Principle, a core component of accrual accounting, states that revenue is recognized when it is earned the service is performed or the product is delivered and when it is realizable when there is a reasonable certainty of payment, not necessarily when cash is received.

revenue should be recognized when:

A A contract is signed.

B It is earned and realizable, regardless of when cash is received.

C The cash is received from the customer.

D The product is manufactured.

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The 'Revenue Recognition' principle requires that

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