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Muhammad Ramzan Tufail ACCA
by Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

Realization is also known in accounting as a "Revenue Recognition Principle".

So, means this is related to recognition of revenue.

 

Under this Concept, revenue should be recognized when the risks and rewards are transferred to the party, even not received the money.

FITAH MOHAMED
by FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I AGREE WITH MR RAMZAN  ANSWER 

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Clearing your sales bills and crediting the proceeds in your account. Or receipt of Collection proceeds. Or revenue earned....Your choice.

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