Revenue recognition
id:
revenue-recognition-204-12911646
title:
Revenue recognition
text:
In accounting, the revenue recognition principle states that revenues are earned and recognized when they are realized or realizable, no matter when cash is received. It is a cornerstone of accrual accounting together with the matching principle. Together, they determine the accounting period in which revenues and expenses are recognized. In contrast, the cash accounting recognizes revenues when cash is received, no matter when goods or services are sold. Cash can be received in an earlier or la
brand slug:
wiki
category slug:
encyclopedia
description:
Accounting term
original url:
https://en.wikipedia.org/wiki/Revenue_recognition
date created:
2005-07-05T16:31:53Z
date modified:
2024-09-10T07:59:36Z
main entity:
{"identifier":"Q2146785","url":"https://www.wikidata.org/entity/Q2146785"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/e/e6/Ledger.png","width":1706,"height":896}
fields total:
13
integrity:
16