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Question Practice

What does the realization postulate imply about revenue recognition?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - II
Financial Statements of a Company
Question Bank

What does the realization post...

Single Answer MCQ
Q-00082597

What does the realization postulate imply about revenue recognition?

1

Revenue is recognized when cash is received

2

Revenue is recognized when the sale is made

3

Revenue is recorded only at year-end

4

Revenue is not recorded until all liabilities are paid

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