revenue recognition
The point at which revenue is recognized or recorded, which, depending on the system,…The point at which revenue is recognized or recorded, which, depending on the system, may be when the money is received (cash basis), or may be when goods are transferred to the customer (accrual basis).
Meaning
1 senses(uncountable)The point at which revenue is recognized or recorded, which, depending on the system, may be when the money is received (cash basis), or may be when goods are transferred to the customer (accrual basis).
Lessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable