Accountıng I Deneme Sınavı Sorusu #1272537
________ dictates that revenue is recognized when it is earned not the cash is received.
Which of the following completes the statement above?
|
The time-period concept |
|
Revenue recognition principle |
|
Deferred revenue concept |
|
Matching principle |
|
Deferred expense concept |
Yanıt Açıklaması:
Revenue recognition principle dictates that revenue is recognized when it is earned not the cash is received. The correct answer is B.
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