Accountıng I Deneme Sınavı Sorusu #1313673

According to which principle of the following the revenue is recognized after the cash is received.


Deferred revenue

Accured revenue

Matching principle

Recognition principle

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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