Identityr the generally accepted acccunling cancent princlple. assu mgticn. cr ccrrstraint uiaiated in the talcwing situaticn: Guard It Ltd.. amides securityr services tc ether businesses. Guard tt Ltd. charges custcmers dcuhie the hcurty rate that it pays Its security guards. Guards are paid an the 15th at each rnenth. Guard tt reccrds revenue at the time the guarding services are tlrlznuidetlI reccrds wage expenses atthe tlme the guards are paid. and prepares financial statements at the end at each month. Revenue reccgniticn