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Question
Is revenue recognized when invoicing?
Is revenue recognized when invoicing?
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Solution
Revenues are recognised only when they are fully realised, that is when a cash transaction is complete with a transaction or exchange. For example, goods bought in retail stores revenues are recognised immediately.
Also read:
Revenues are recognised only when they are fully realised, that is when a cash transaction is complete with a transaction or exchange. For example, goods bought in retail stores revenues are recognised immediately.
Also read:
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