Occurs not necessarily when cash is paid or received

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ssarily when cash is paid or received. occurs, not necessarily when cash is paid or received. Required by Generally Acceptable Accounting Principles 3-6 Revenue Principle Recognize revenues when .. .. .. Recognize revenues when Delivery has occurred or services have Delivery has occurred or services have been rendered. been rendered. There is persuasive evidence of an There is persuasive evidence of an arrangement for customer payment. arrangement for customer payment. The price is fixed or determinable. The price is fixed or determinable....
View Full Document

Ask a homework question - tutors are online