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In general, revenue is recognized when the earnings process is virtually complete and?

1. Collection of the sales price is reasonably assured

2. Cash is collected

3. Production is completed 

4. Purchase order is received 

Accounting Financial Reporting Financial Accounting Accounting and Finance
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Question added by Mehboob Ali Laghari , Social Mobilization Team Incharge , TRDP-European Union
Date Posted: 2015/07/28
Upvote (1) Views (11) Followers (2) Answers (2) Report Question
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Shahbaz Hayder
by Shahbaz Hayder , Group Head of Finance , Sharif Group of Companies

Option1 is the right answer.

Imdad Hussain Rajput
by Imdad Hussain Rajput , Assistant Sales Manager , Forego

Option number1 is right answer

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