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2. Receipt of payment

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    BabaJide Martins F.
    TR
    BabaJide Martins F.

    Receipt of payment stands as payment procedure showing the state of payment which gives access to the buyer of the goods or the services to become the rightful owner.

    Hermina S.
    LC
    Hermina S.

    Receipt of payment gives the holder access/ownership of the goods or service(s).

    Sunday O.
    NG
    Sunday O.

    payment procedure

    Odongo M.
    UG
    Odongo M.

    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.

    Manish K.
    NP
    Manish K.

    It is crystal clearly understood.

    Penelope M.
    US
    Penelope M.

    AGREED

    Adil N.
    MA
    Adil N.

    What is a receipt of payment?

    Gloria N.
    AE
    Gloria N.

    OK

    Epie E.
    TH
    Epie E.

    well noted

    Ibrahim Ayad A.
    TR
    Ibrahim Ayad A.

    It is possible to delay the achievement of revenue until the cash is received. And often uses this assumption by the people and the provision of services

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