The revenue recognition principle says a. divide time into equal periods to measure net income or net
Question:
The revenue recognition principle says
a. divide time into equal periods to measure net income or net loss properly.
b. record revenue only after you have earned it.
c. match revenues and expenses in order to compute net income.
d. record revenue only when you receive cash.
AppendixLO1
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answered By
Sandeep Sontakke
I have completed Masters in Chemistry. I have secured Third rank in University for M.Sc. beside this I have cleared all the competitive examination in Chemistry such as CSIR NET, SET, GATE. I have been engaged in research activities simultaneously with tutoring. I have been in the teaching field for long ten years. I have worked as Junior Research Fellow after masters in one of the premium national institute in India. I believe in solving the students doubt and clearing their concepts in simple methods. Teaching is my passion and hence I am every time try to improve this skills and upgrade my Chemistry knowledge.
0 Reviews
10+ Question Solved
Related Book For 
Financial Accounting
ISBN: 9781292019543
3rd Global Edition Edition
Authors: Robert Kemp, Jeffrey Waybright, Pearson Education
Question Posted:
