Explain why revenue is sometimes recognised at the point of sale. When would it be appropriate to
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Explain why revenue is sometimes recognised at the point of sale. When would it be appropriate to recognise revenue at the time of production?
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Revenue recognition is a fundamental principle in financial accounting that dictates when and how a company should record revenue in its financial statements Generally revenue is recognized when it is ...View the full answer
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Related Book For 
Financial Accounting An Integrated Approach
ISBN: 9780170411028
7th Edition
Authors: Ken Trotman, Elizabeth Carson
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