Revenue is realized when a product or service is exchanged for cash or a promise to pay cash or other assets that can be converted into cash.

Name: Revenue is realized when a product or service is exchanged for cash or a promise to pay cash or other assets that can be converted into cash.
Brand: Quizplus
Rating: 4.7 (44 reviews)

Question

Quizplus · Accepted Answer

Revenue is defined as the income earned from the sale of goods or services, and it is considered realized when the sale is complete, and the payment is received or promised.

Revenue Is Realized When a Product or Service Is Exchanged