Accountıng I Deneme Sınavı Sorusu #1313681
What is the core revenue recognition principle?
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Revenue recognition principle dictates that revenue is recognized when it is earned not the cash is received. |
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Revenue recognition principle is the gross decrease in owner’s equity that results from operations. |
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Revenue recognition principle, revenue is recognized after the cash is received. |
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Revenue recognition principle, in accrued revenue, revenue is recognized before the cash is received. |
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Revenue recognition principle, is the cost of assets consumed or services used during the revenue earning process. |
Yanıt Açıklaması:
In revenue recognition principle, revenue is recorded when it is earned, not when the cash is
received just the same as the accrual basis accounting.
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