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Discuss the following concepts: (10)Realization conceptMatching conceptDiscuss the following concepts: (10)Realization conceptMatching concept

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Accounting

Discuss the following concepts: (10)
Realization concept
Matching concept

Answer & Explanation Solved by verified expert
3.6 Ratings (339 Votes)
REALIZATION CONCEPT As per this concept revenue can be recognised only when the goods and services associated with the revenue has been delivered or rendered Therefore revenue can be recognised only if the same has been earned or received Auditors verifies    See Answer
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In: AccountingDiscuss the following concepts: (10)Realization conceptMatching conceptDiscuss the following concepts: (10)Realization conceptMatching concept

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