Which of the following methods is not a practical way of realizing revenue?
A)Delivery method
B)Percentage-of-completion method
C)Production method
D)Moving average method

Question

Quizplus · Accepted Answer

The moving average method is not a practical way of realizing revenue. It is actually a method used for inventory valuation and cost determination, not for revenue recognition. The other options, delivery method, percentage-of-completion method, and production method, are all recognized methods for realizing revenue in accounting, depending on the nature of the business and the type of transaction.

Which of the Following Methods Is Not a Practical Way