What is meant by realisation of profits?

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What is meant by "realisation of profits"?

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Applying International Financial Reporting Standards

ISBN: 978-0730302124

3rd edition

Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise

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Question Posted: Apr 30, 2016 01:11 PM

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What is meant by realisation of profits?

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Profit is realised when an entity or an economic entity transacts with another external entity Fo...View the full answer

Applying International Financial Reporting Standards

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