What does revenue recognition mean?
Definitions for revenue recognition
rev·enue recog·ni·tion
This dictionary definitions page includes all the possible meanings, example usage and translations of the word revenue recognition.
Wikipedia
Revenue recognition
The revenue recognition principle is a cornerstone of accrual accounting together with the matching principle. They both determine the accounting period in which revenues and expenses are recognized. According to the principle, revenues are recognized when they are realized or realizable, and are earned (usually when goods are transferred or services rendered), no matter when cash is received. In cash accounting – in contrast – revenues are recognized when cash is received no matter when goods or services are sold.
Numerology
Chaldean Numerology
The numerical value of revenue recognition in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of revenue recognition in Pythagorean Numerology is: 3
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"revenue recognition." Definitions.net. STANDS4 LLC, 2024. Web. 11 May 2024. <https://www.definitions.net/definition/revenue+recognition>.
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