REVENUE RECOGNITION Definition

Bookmark and Share

REVENUE RECOGNITION is the process of recording revenue, under one of the various acceptable methods, in the accounting period. In each period of revenue recognition, all related expenses should be matched to revenue. The most common method of recognizing revenue is at the time of sale or provisioning of service.

Learn new Accounting Terms

INTEREST-BEARING means paying interest.

SERVICE CHARGE is an additional charge for a service for which there is already a basic fee; also called service fee.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.