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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.
Aruna Sairam, T M Krishna and Gayathri Girish are associated with which form of music?
The first printed edition of the Ramcharitmanas by Tulsidas was published from ______ in 1810.
The Financial Access Survey, launched in 2009, is a supply-side dataset on access to and use of financial services aimed at supporting policymakers to ...
Who is the present CEO of NITI Aayog?
Fruit cracking is due to the deficiency of:
Which branch of the government is responsible for implementing laws and policies?
Machines, tools and implements, and buildings are examples of which type of goods?
After a violent episode of peasants occurred at Police station of Chauri Chaura, near Gorakhpur in UP, M.K Gandhi suspended non-cooperation movement on...
In which Schedule of the Constitution of India were 22 languages mentioned?
SVEEP is the flagship program of which of the following organisation?