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.
Yorumlar
- 0 Yorum