What is RECOGNITION OF REVENUE?

According to the provisions of the GAAP, revenue may be recognized when cash is received or its ultimate receipt becomes certain or enforceable. Inclusion of revenue in an income account.

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Related Legal Terms
RECOGNITION OF EXPENSE, REVENUE RECOGNITION PRINCIPLE, EXPENSE RECOGNITION, MARKET RECOGNITION, REVENUE EXPENDITURE, UNEARNED PREMIUM REVENUE, REVENUE RESERVE, REVENUE ACCOUNT, NET REVENUE, REVENUE


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