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21 October, 18:04

Revenue is traditionally recognized in the accounting records when

A. cash is received.

B. services are rendered.

C. it's incurred.

D. None of the above balance.

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Answers (1)
  1. 21 October, 18:56
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    While revenue is total money gained (not including costs) profit would be the revenue - costs.

    In this case, A. cash is received makes the most sense.
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