Revenue recognition points

The point of sale is the ownership of the goods passing to the owner.

At what point are revenues considered to be earned?

Revenue is recognized at the time of sales ( defined as the moment when the title of the goods or services is transferred to the buyer.)The sale can be for cash or credit .

Should revenues be recognized only when transaction is completed ?

What are revenue recognition points?

At what point are revenues considered to be earned?

Point of sales recorded is a serious contract.

primer asiento a considerar como venta en el punto de venta

Is it wise to define Point of sale as "Pay and Collect" or Pay and Deliver"?

For example, a merchandiser's sales revenues are considered earned when the goods have been shipped or delivered to the customers and the merchandiser has a right to a collectible accounts receivable. (Under accrual accounting it is not necessary to have received the cash in order to have earned the revenues.) The reason is that the substantial and difficult parts of the selling process (having the merchandise, finding customers, getting customers to place orders, and delivering the merchandise to customers) have been completed