Profit is regarded as being earned when the legal title of the goods or services passes from

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‘Profit is regarded as being earned when the legal title of the goods or services passes from the seller to the buyer.’ Which accounting principle does this statement describe?

A. Going concern

B. Matching

C. Money measurement

D. Realisation

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Cambridge IGCSE And O Level Accounting Coursebook

ISBN: 9781316502778

2nd Edition

Authors: Catherine Coucom

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Question Posted: Sep 16, 2021 01:48 AM

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Profit is regarded as being earned when the legal title of the goods or services passes from

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D Realisation The statement describes the principle of real...View the full answer

Cambridge IGCSE And O Level Accounting Coursebook

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