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Revenue is traditionally recognized in the accounting records when

Acash is received.
Bservices are rendered.
Cit’s incurred.
DNone of the above balance.

Verified Answer :

bireland203

While revenue is total money gained (not including costs) profit would be the revenue - costs.

In this case, A. cash is received makes the most sense.

Answer: Option 'B' and 'C' are correct.

Step-by-step explanation:

Revenue is traditionally recognized in the accounting records when services are rendered and it's incurred.

Like when we incurred a commission to complete their given targets.

So, Services are already and it has been incurred so, Revenue is recognized in the accounting records .

Hence, Option 'B' and 'C' are correct.


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