What does the term "realization" in accounting mean?

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Question ajoutée par Zaid Mahadin
Date de publication: 2015/03/15

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par Muhammad Ramzan Tufail ACCA , Assistant Finance Manager , Eltizam Asset Management Group

Realization is also known in accounting as a "Revenue Recognition Principle".

So, means this is related to recognition of revenue.

Under this Concept, revenue should be recognized when the risks and rewards are transferred to the party, even not received the money.

par FITAH MOHAMED , Financial Manager , FUEL AND ENERGY CO for transportion petroleum materials

I AGREE WITH MR RAMZAN ANSWER

par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Clearing your sales bills and crediting the proceeds in your account. Or receipt of Collection proceeds. Or revenue earned....Your choice.

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