Accountancy, asked by 6266544099, 3 months ago

what is Realisation concept ?

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Answered by Anonymous

Answer:

The realization principle is the concept that revenue can only be recognized once the underlying goods or services associated with the revenue have been delivered or rendered, respectively.

Explanation:

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Answered by Itzheaven

The realization principle is the concept that revenue can only be recognized once the underlying goods or services associated with the revenue have been delivered or rendered, respectively. Thus, revenue can only be recognized after it has been earned. ... Advance payment for services.

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