Accountıng I Deneme Sınavı Sorusu #1313675
According to which principle of the following, the expense is recognized after the cash is paid?
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Accrued revenue |
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Deferred revenue |
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Deferred expense |
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Accrued expense |
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Time-period concept |
Yanıt Açıklaması:
In deferred expense (prepaid expense),
expense is recognized after the cash is paid.
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