1. revenue is recognized at point of dispatch of materials to customers
2. Sales is recognized on dispatch to customers
3. Sales is recognized on delivery or passage of titles of goods to customers
4. Sales is recognized at the time of despatch of goods from factory
5. Sales is recognized on dispatch of the goods to the customers
6. Sales is recognized when the products leave the premises of the company
Check out the 6th revenue recognition policy. As soon as the goods
move one meter outside the boundary wall of the factory, the products
is booked as sales. ;)
Regards
