The accounting principle that states that, In the preparation of account statements, revenues are recognized as soon as goods is passed on to the customer is the

  • A materiality conccept
  • B matching concept
  • C constitiency concept
  • D realization concept

The correct answer is D. realization concept

The realization principle is the concept that revenue can only be recognized once the underlying goods or services associated with the revenue have been delivered or rendered, respectively.

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