REVENUE RECOGNITION

CA. A. Kumar , Last updated: 06 July 2008  
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Revenue Recognition Principle Revenues are recognized when (a)realized or realizable and (b)earned. [SFAC No. 5, Para. 83] Revenues -- not recognized until realized or realizable. -- not recognized until earned. Revenues are realized -- when products are exchanged for ca

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Published by

CA. A. Kumar
(Associate Consultant)
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