Accountıng I Deneme Sınavı Sorusu #1313673
According to which principle of the following the revenue is recognized after the cash is received.
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Deferred revenue |
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Accured revenue |
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Matching principle |
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Recognition principle |
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Time period concept |
Yanıt Açıklaması:
If cash is received in advance, a liability account will be used as a correspondence to cash account, a liability account called deferred revenue is used as a correspondence to cash account.
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