Revenue is said to have been earned when ______________.

Sale is made

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Cash is received

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Goods are manufactured

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When accounted for

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Solution

The correct option is A Sale is made
As per revenue recognition, Revenue is said to have been earned only when the Sale is made.
Revenue recognition is a generally accepted accounting principle (GAAP) that explains about how and when revenue is to be recognized.

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Revenue is said to have been earned when ______________.

The correct option is A Sale is madeAs per revenue recognition, Revenue is said to have been earned only when the Sale is made.Revenue recognition is a generally accepted accounting principle (GAAP) that explains about how and when revenue is to be recognized.

The correct option is A Sale is made
As per revenue recognition, Revenue is said to have been earned only when the Sale is made.
Revenue recognition is a generally accepted accounting principle (GAAP) that explains about how and when revenue is to be recognized.