The installment sales method is one of several approaches used to recognize revenue under the US GAAP, specifically when revenue and expense are recognized at the time of cash collection rather than at the time of sale. Under the US GAAP, it is the principal method of revenue recognition when the recognition occurs subsequently to the sale.
Read more about Installment Sales Method: Installment Sales Method, Calculation Under The Installment Sales Method, Comparison To The Cash and Accrual Method
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