Accountıng I Deneme Sınavı Sorusu #1174993
Which of the following dictates that revenue is recognized when it is earned not the cash is received?
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The time-period concept |
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Revenue recognition principle |
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Matching principle |
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Expense recognition principle |
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Cash basis acoounting |
Yanıt Açıklaması:
Revenue recognition principle dictates that revenue is recognized when it is earned not the cash is received.
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