The concept which states that revenue should be recognized at the point when the sale is deemed to have been made is? By: Sunday|Published on: Dec 1|Categories: Accounting JAMB| 0 comments A. matching B. consistency C. realization D. going concern Correct Answer: Option C – realization Users Also Read These:Revenue is recognized in the profit and loss account…The concept that refers to the sale; transfer or…At the point where marginal revenue of a monopolist…The concept that states that a business should not…The creation of awareness for a product at the point…SEE ALSO Calculate the liabilities of the local government?