Accounting 200

Basic journal entries and accounting principles.

Before revenue is recognized, the following criteria must be met:

persuasive evidence of an arrangement must exist;

delivery must have occurred or services been rendered;

the seller's price to the buyer must be fixed or determinable;

and collectability should be reasonably assured.

⁠

Want to print your doc?
This is not the way.

Try clicking the ⋯ next to your doc name or using a keyboard shortcut (

CtrlP

) instead.