Accounting · Accounting Principles
According to the Revenue Recognition principle, revenue is generally recognized as being earned at the point of time when:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Cash is received
- 2Production is completed
- 3Sale is effected / Goods are transferred✓
- 4Order is received
Correct answer
Sale is effected / Goods are transferred
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