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Under accrual concept accounting, revenue is recognized when::
Risks and rewards have been transferred from Seller to Buyer
The seller has no control over the goods sold
Collection of payment is reasonably sure
The amount of revenue can be reasonably measured
Cost of earning the revenue can be reasonably measured
revenue is recognized on transfer of risk from seller to buyer while collectability is expected
Good answers
Under accrual Basis the Revenue are recognized based on the period it is do not have any relation with cash
On Accrual basis, income/expenses are recorded when they are earned/incurred, not when the cash is received/paid.