dannyyyyyy295 dannyyyyyy295
  • 19-04-2024
  • Business
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It is important not only to determine how much revenue to recognize (record), but also when to recognize it?

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jasminrivasjal702
jasminrivasjal702 jasminrivasjal702
  • 19-04-2024

Answer:

yes

Explanation:

Exactly, the timing of revenue recognition is crucial in accounting and financial management. The revenue recognition principle states that revenue should be recognized when it is earned and realized, regardless of when the cash is received.

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