The Realization Principle Indicates That Revenue Usually Should Be Recognized

question 59

Multiple Choice

The realization principle indicates that revenue usually should be recognized and recorded in the accounting records:

• A)When goods are sold or services are rendered to customers.
• B)When cash is collected from customers.
• C)At the end of the accounting period.
• D)Only when the revenue can be matched by an equal dollar amount of expenses.

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