Identify the point at which revenue would be recognised in each of the following questions:
-At what point would you expect revenue from sales of software by a computer store to be recognised?
A) during production
B) on completion of production
C) at point of sale or delivery
D) when cash is received.

Question

Quizplus · Accepted Answer

Revenue from sales of software would typically be recognized at the point of sale or delivery, when ownership and control of the software is transferred to the customer.

Identify the Point at Which Revenue Would Be Recognised in Each