When do most companies usually recognize revenue as earned and record the revenue?

Name: When do most companies usually recognize revenue as earned and record the revenue?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revenue is recognized when the title and risks of ownership pass to the buyer as this indicates that the customer now has control over the goods or services being sold. This is in accordance with the accrual accounting principle, which recognizes revenue when it is earned and realized, regardless of when payment is received.

When Do Most Companies Usually Recognize Revenue as Earned and Record