Which of the following approaches is not commonly used to recognize revenue in accounting?

Explanation

The delivery approach (A) is used to recognize revenue when goods are sold, the percentage-of-completion approach (B) applies to service contracts, and the production approach (C) is relevant for agricultural outputs. These methods align with the realization and conservatism principles in revenue recognition. In contrast, the moving average approach (D) is an inventory valuation technique and is not used to recognize revenue. Therefore, option D is the correct answer.