Question
Revenue should be recognized at the point of sale. Which
principle is applied here?ÂSolution
The Realization Principle states that revenue should be recognized (recorded) when it is realized or earned, and when it can be reasonably measured or reliably determined. In the context of a point of sale, revenue is considered realized when a company has completed the delivery of goods or services to the customer, and the customer has accepted those goods or services. This typically occurs at the point of sale when ownership transfers to the customer, and the seller has fulfilled its obligations.
Cyclones Gulab was a tropical cyclone that caused considerable damage to ______ Asia.
Which of the following gases is/are associated with acid rain?
1. Sulphur Dioxide and Nitrogen Oxides
2. Carbon Monoxide
3. Met...The surface temperature of the Sun is nearly -
STRIVE is a new World Bank funded project under min of skill development. What does V stands for ?
Which among the following ecosystems are likely to face the impact of global warming more than the others?
...
The process in which the branches of the tea bushes are cut off is
Which one of the following is world’s largest Start Up ecosystem ?
Which among the following is the only breeding ground for Indian Skimmer, an endangered fresh water bird species?
Which one of the following committee was constituted to review environmental laws in the country?
Which of the following is/are considered as Autotrophs?
1. Green plants
2. Blue green Algae
3. Human beings
4. Cattle
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