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.
The centre government inked an agreement with Tata Consultancy Services Ltd for the ____________ phase of the Passport Seva Programme.
During which Olympic Games did Karnam Malleswari become the first Indian woman to win an Olympic medal?
The monetary policy is India is formulated by which of the following authority?
Who has been appointed as the Chairman and Managing Director of BPCL?
Regarding the delivery of the Ammunition Cum Torpedo Cum Missile Barge, LSAM 20, consider the following statements:
1. The barge is part of a ...
Recently RBI increased the Repo rate by 25 Bps to _____?
As per the new rule the stock exchanges or the persons dealing in securities market, will have to pay ____ GST on SEBI’s fee?
Who became Ireland's youngest ever Prime Minister in recent history?
Which Indian bank was recently fined ₹91 lakh by the Reserve Bank of India for non-compliance with 'Customer Service in Banks' and ‘Unauthorized Ope...
Electric mobility startup Zypp Electric is planning to deploy 1-lakh electric scooters in collaboration with Zomato for last-mile delivery by _________.