Accounting - 2. Receipt of payment
2. Receipt of payment
It is possible to delay the realisation of revenue until cash has been
received. This assumption is often used by people providing a service.
Using this point in the operating cycle as the revenue realisation 
point avoids complications caused by clients not paying.
Previous | Next
Log in to save your progress and obtain a certificate in Alison’s free Fundamentals of Financial Accounting online course
Sign up to save your progress and obtain a certificate in Alison’s free Fundamentals of Financial Accounting online course
Please enter you email address and we will mail you a link to reset your password.