For a typical manufacturing company,the most common critical point for recognizing revenue is the date:

Question

Quizplus · Accepted Answer

Revenue recognition for a manufacturing company usually occurs when the product is delivered to the customer, as this is when control and ownership of the goods are transferred to the customer. While orders received and production completion are important milestones, revenue cannot be recognized until the customer takes possession of the product. Payment may occur before or after delivery, and is not necessarily related to revenue recognition.

For a Typical Manufacturing Company,the Most Common Critical Point for Recognizing