Revenue revenue recognition and measurement1 in an accrual

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Revenue, Revenue Recognition and Measurement

1). In an accrual accounting system, revenues are recognized as goods are delivered or as services are rendered. (True/False).

2). Give a brief definition of revenue.

3). How are revenues measured? [Not asking for currency here]

4). List any three types of transactions normally processed by the revenue process.

Reference no: EM13358663

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