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ccould you solve thsi question? Revenue recognition . When should a car dealer recognise revenue ? Order is placed Payment is made Car is collected

image text in transcribedccould you solve thsi question?

Revenue recognition . When should a car dealer recognise revenue ? Order is placed Payment is made Car is collected Volge In Part 2 of this week's content, you were required to determine when should the car dealer report the revenue from the sale of a car. Is it when the order is placed, or the car is delivered to the customer or when the payment is made by the customer? Share your answer in this forum. Support your answer with your knowledge about the principle of revenue recognition

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