The realization principle leads accountants to usually recognize revenue at:
A) the end of production
B) during production
C) the receipt of cash
D) the point of sale
E) none of the answers are correct

Question

Quizplus · Accepted Answer

The realization principle states that revenue should be recognized when it is earned and realizable, which typically occurs at the point of sale when goods or services are delivered to the customer.

The Realization Principle Leads Accountants to Usually Recognize Revenue At