Revenue Is Said To Be Realised

He also expects to see revenue realised by the end of 2020 from the acquisition of bien hoa packaging joint stock company sovi.

Revenue is said to be realised. Accrued revenue is a product of the revenue recognition principle which requires that revenue be recorded in the period in which it is earned. The former chief minister said the history of the pbs state government from 1985 1994 fighting the federal government must never be repeated in sabah. The accounting method a company uses will determine whether it relies more heavily on realized income or recognized income. Revenue is said to have been realised when cash has been received or right to receive cash on the sale of goods or services or both has been created.

In other words it can be said that. Amplifying this in an interview at a recent programme in abuja the executive vice chairman of ncc prof. Although ncc s primary role is not to generate revenue for the. What is revenue realization.

Companies can choose how they wish to record the money they bring in. The concept of realisation states that revenue is realized at the time when goods or services are actually delivered. F or companies that use accrual accounting revenues from sales of goods and services are said to be realizable revenues by the seller only when there is a good reason to believe the seller will receive payment. According to this concept revenue is considered as earned on the date when it is realised.

Sellers sometimes recognize only after the sale that they will never realize revenues. People have realised the lifestyle balance welcomed with remote working and are wanting to move or invest out of the cities she said. In other words revenue realised either by sale of goods or by rendering services during an accounting period should only be taken in the income statement profit and loss account. Unearned unrealised revenue should not be taken into account.

The acrimony of the warisan led state government against the current federal government will bring sabah back to the pbs era of the mid 1980s he said. Scgp chief executive officer wichan jitpukdee said the vietnam plant should be completed by the end of this year and would help boost production.