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Answered Same Day Dec 31, 2021

Solution

David answered on Dec 31 2021
127 Votes
QUESTION:
What is the example of realization?
SOLUTION:
The principle of realization states that revenue should be recognized only when it is realized.
Realization is the process through which assets, goods or services are converted into cash or
eceivables through sale. In case of accrual...
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