A dance studio accepts $$1,500$ to provide a series of dance lessons to a youth group during the month of July. The studio records the revenue in July when the lessons take place. The studio incurs rent, utilities,

and salaries expenses in July related to the youth group's lessons. The studio records those expenses in August, when it pays for them. One or both of these decisions:

Multiple Choice

are both examples of accrual accounting.

violate$($s$)$ the accounting equation.

violate$($s$)$ the matching princple.

violate$($s$)$ the revenue recogntion princple.