Revenue is generally recognized at the point of sale.

Name: Revenue is generally recognized at the point of sale.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Revenue is generally recognized at the point of sale when the product is delivered or the service is provided to the customer. However, there may be some exceptions where revenue recognition can be delayed, such as when there is uncertainty about the collectibility of payment or when a service contract extends over a long period of time.

Revenue Is Generally Recognized at the Point of Sale