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Identify the generally accepted accounting concept principle,assumption or constraint violated in the following situation: A business that prepares financial statements monthly,recorded revenue on July 10th
Identify the generally accepted accounting concept principle,assumption or constraint violated in the following situation: A business that prepares financial statements monthly,recorded revenue on July 10th when a customer paid for the goods sold to them on account on June 15th.
A)Seperate Entity
B)Revenue recognition
C)Going concern
D)None of the other alternatives are correct
E)Matching
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