According to the realisation principle, revenue from a sale of the company's products is recognised:

Question

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According to the realisation principle, revenue should be recognised at the time of the sale, which is when the risks and rewards of ownership are transferred to the buyer. This may or may not coincide with the shipment of goods or receipt of payment, and therefore, options A, B, and C are incorrect.

According to the Realisation Principle, Revenue from a Sale of the Company's