Profits are recognized when goods are sold. What concept is this? by Sunday | Jun 5 | Accounting WAEC | 0 comments A. realization B. matching C. periodicity D. going concerned Correct Answer: Option A A. realization Users Also Read These:Revenue is recognized in the profit and loss account…The concept that states that a business should not…The assumption that a business has perpetual…If a share is sold at a price below its face value,…The climatic belts recognized by the Greek were?