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RECOGNITION OF REVENUE

\ɹˌɛkəɡnˈɪʃən ɒv ɹˈɛvənjˌuː], \ɹˌɛkəɡnˈɪʃən ɒv ɹˈɛvənjˌuː], \ɹ_ˌɛ_k_ə_ɡ_n_ˈɪ_ʃ_ə_n ɒ_v ɹ_ˈɛ_v_ə_n_j_ˌuː]\

Definitions of RECOGNITION OF REVENUE

1910 - Black's Law Dictionary (2nd edition)

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According to the provisions of the GAAP, revenue may be recognized when cash is received or its ultimate receipt becomes certain or enforceable. Inclusion of revenue in an income account.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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