Should NetSuite recognize revenue at a point in time or over time? Provide justification from the codification ASC 606.

If NetSuite should recognize revenue at a point in time, what conditions must be met to recognize revenue? Provide citation from the codification ASC 606. Provide example journal entries to record revenue and the collection of cash. 3.

If NetSuite should recognize revenue over time, how should it measure progress towards meeting its performance obligations? Provide citation from the codification ASC 606. Provide example journal entries to record revenue and the collection of cash.