24. The concept that assists accountants in determining when to recognize revenue in the accounts is the: (1 Point) Q A) cost principle. ( B) time-period assumption. recognition criteria for revenue. D) matching objective. 25. Under accrual basis accounting, if a company fails to make an adjusting entry for supplies that has been consumed by the end of the current period: (1 Point) [ A) net income will be understated. B) net income will be overstated. assets will be overstated. ( D) both B and C