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https://www.dummies.com/business/operations-management/point-of-saledelivery-revenue/
Point-of-sale/delivery is just another way of saying that the company records revenue when it’s earned and realizable. Here are two examples of this: one involving a retail store and the other taking place in a service provider type of business: Retail store: You desperately need a new microwave,...
https://courses.lumenlearning.com/boundless-accounting/chapter/revenue-recognition/
Recognition of Revenue at Point of Sale or Delivery Companies can recognize revenue at point of sale if it is also the date of delivery or if the buyer takes immediate ownership of the goods.
https://revenuerecognition.com/industry/retail/
The general revenue recognition standard, FASB Concepts Statement (CON) No. 5, Recognition and Measurement in Financial Statements, is met for cash sales in retail stores — the revenue is both realized and earned. For cash sales, revenue is therefore recognized at the point of sale.
https://www.investopedia.com/terms/r/revenuerecognition.asp
The revenue recognition principle of ASC 606 requires that revenue is recognized when the delivery of promised goods or services matches the amount expected by the company in exchange for the goods or services. The revenue recognition principle, a feature of accrual accounting,...
https://strategiccfo.com/point-of-sale-pos-method/
Jul 24, 2013 · The Point of Sale (POS) Method also known as the Revenue Method or Sales Method is one of the many methods under the Revenue Principle of Accounting. This method records the revenue at the point of sale because cash is received on site or it is reasonably certain that cash will be received soon and is thus a finalized transaction.
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