One of the conditions of recognizing revenue from sales of goods is that costs relating to the sale of the goods can be reliably measured.

Question

Quizplus · Accepted Answer

Revenue recognition criteria include the ability to reliably measure the costs associated with the sale, ensuring that the economic benefits related to the transaction will flow to the company and that the costs incurred or to be incurred can be clearly identified and measured.

One of the Conditions of Recognizing Revenue from Sales of Goods