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Does anyone know if there are any accounting principles that states that company revenue is driven by production/factory out-put and not sales?

With a brief explanation.

2007-02-13 05:29:10 · 1 answers · asked by Munch_101 1 in Business & Finance Other - Business & Finance

1 answers

There is no principle that supports this type of revenue recognition method.

Revenue is recognized when it is earned, reasonably estimable, and collectibility is reasonably assured.

2007-02-16 17:19:04 · answer #1 · answered by Philip S 2 · 0 0

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