Which of the following does not indicate that a revenue has been realized?
A)Cash has been received.
B)A valid promise to pay has been received.
C)The revenue has been earned.
D)The net assets (assets - liabilities)has been increased

Question

Quizplus · Accepted Answer

Revenue realization involves the process of earning it, which means that simply earning revenue does not indicate it has been realized. Realization typically involves further steps such as receiving cash or a valid promise to pay, or an increase in net assets reflecting the transaction's impact.

Which of the Following Does Not Indicate That a Revenue