Explain when it is appropriate to recognize revenue at a single point in time.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Explain when it is appropriate to recognize revenue at a single point in time.

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Revenue refers to the amount of the earning which an organization earns for performing the services. There are various situations under which revenue is recognized at one point of time or over a period of time.

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