Under what method where revenue is recognized at the time of sale?

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Aletha Denesik asked a question: Under what method where revenue is recognized at the time of sale?
Asked By: Aletha Denesik
Date created: Sun, Oct 17, 2021 1:08 AM
Date updated: Sun, Oct 2, 2022 11:19 PM

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Top best answers to the question «Under what method where revenue is recognized at the time of sale»

Sales-basis method: Revenue is recognized at the time of sale, which is defined as the moment when the title of the goods or services is transferred to the buyer. Completed-contract method: Revenues and expenses are recorded only at the end of the contract.

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