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The realization principle states that revenue should be recognized or recorded when goods or services have been delivered to the customer and the company can reasonably expect to receive payment for those goods or services. In other words, revenue is recognized when there is an earning process completed, and there is a reasonable assurance of payment. Therefore, option c, "When goods have been delivered," is the correct answer as per the realization principle.
As of July 2020, who among the following was the Director General of Indian Council of Medical Research (ICMR)?
In which game is the word 'Bagel' used?
Which of the following tropical cyclones had hit the western coast of India in May 2021?
Trade liberalisation has helped India improve its _____________ in industries with medium-to-high technology content.
Who was the winner of the first Indian Premier League?
At the end of which of the following Five-year plans of India, five IITs were set up in the country?
The scientific study of rocks is called as
Which of the following is an autobiography of the international tennis player Andre Agassi?
Who authored “We are Displaced”?
The Reserve Bank of India ( RBI ) regulates the functioning and operations of Non - Banking Financial Companies ( NBFCs ) in India . To ensure financia...