According to the realization principle, how should revenue usually be recognized and recorded in the accounting records?

a. only when revenue can be matched by an equal dollar amount of expenses

b. when goods are sold or services are rendered to customers

c. at the end of the accounting period

d. when cash is collected from customers

Answer rating: 100% (QA)

answer is b when goods are sold or services are rendered to customers expla... View the full answer