Accounting issues - Revenue realisation | en - 262 - 25063
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Revenue realisation

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    BabaJide Martins F.
    TR
    BabaJide Martins F.

    The realisation assumption sets out the point of time at which revenue is to be recognised. Generally, firms will recognise revenue at the point of sale or for the provision of a service

    Alice B.
    GQ
    Alice B.

    The realisation assumption states that revenue is recognised at the point of sale and not when the cash is received by the firms.

    Hermina S.
    LC
    Hermina S.

    What are the four points revenue can be realised??

    Morne V.
    ZA
    Morne V.

    At what point do we say revnue have been realized

    Sunday O.
    NG
    Sunday O.

    realization of revenue in accounting is key factor

    Odongo M.
    UG
    Odongo M.

    Accounting -> Revenue realisation Revenue realisation The realisation assumption sets out the point of time at which revenue is to be recognised. Generally, firms will recognise revenue at the point of sale or for the provision of a service. For example, a car is sold by a car dealer on 23 December and payment is on 15 January. The accounting periods are for one calendar month. If revenue is recognised at the point of sale then this revenue would be reported in the month of December. At the point of cash the revenue would be reported in January. In fact, there are four points at which revenue may be recognised.

    Penelope M.
    US
    Penelope M.

    ok make sense.

    Adil N.
    MA
    Adil N.

    What is revenue realisation?

    Gloria N.
    AE
    Gloria N.

    DONE

    Epie E.
    TH
    Epie E.

    perfect.

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