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K The revenue principle requires that a business records revenue when the business: A. receives payment from a customer. B. performs a service or delivers
K The revenue principle requires that a business records revenue when the business: A. receives payment from a customer. B. performs a service or delivers a product and not before. C. prepares the invoice for the customer. D. receives an order from a customer.
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A Textbook Of Accounting For Management
Authors: S.N. Maheshwari
3rd Edition
9325956195, 978-9325956193
