| 单词 | revenue recognition principle |
| 释义 | revenue recognition principleDefinition Accounting rule that revenue should be recorded only when the (1) revenue generation process has been substantially completed, and (2) an exchange has taken place. It is a restatement of the old maxim: "Don't count your chickens until they are hatched." See also accounting concepts. Use 'revenue recognition principle' in a SentenceThe revenue recognition principle ensured that a timely recording of the receipt of monetary assets were recorded in the optimal way. Since gift cards are a part of the revenue recognition principle, businesses cannot realize the monies received from them until they are actually depleted. I supported the new and exciting revenue recognition principle because it would allow us not to waste time on needless things. |
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