Revenue is recognized at the time of collection under the:
A)completed contract method.
B)point of sale method.
C)percentage of completion method.
D)instalment method.

Question

Quizplus · Accepted Answer

Revenue is recognized at the time of collection under the installment method. This method is used when the collection of sales price is uncertain, allowing revenue to be recognized as cash is actually received.

Revenue Is Recognized at the Time of Collection Under The