Answer Posted / anupama
realization of revenue means the revenue is said to be
realized when the goods and services are delivered not at
the time when cash is received. for ex: if someone sells
the goods on credit on 1st april 2009 and the cash is
received on 1st aug 2009, we considered the revenue is
realized on 1st of april 2009 not when the cash is received.
| Is This Answer Correct ? | 7 Yes | 4 No |
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