Knowledge Check $01$

Identify the correct principle for each of the following activities using the drop$-$down list.

$\backslash$table$[[$Princigle$,$Activities$],[$A company records the expenses incurred to generate the revenue reported.,Full$-$disclosure principle$],[$Revenue is recognized when goods are provided to the customer at the amount expected to be received.,Revenue recognition principle$],[$A company reports the details behind financial statements that would impact user's decisions.,Expense recognition principle$],[$Accounting information is based on actual cost.,Measurement principle$]]$