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On August 15, 2008, Antony Consulting Services signed a $40,000 contract with a client to provide Consulting services to the client in 2009. Which accounting
On August 15, 2008, Antony Consulting Services signed a $40,000 contract with a client to provide Consulting services to the client in 2009. Which accounting principle would require Antony Consulting Services to record the Consulting fees revenue in 2009 and not 2008?
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1- | Revenue recognition principle |
2- | Monetary unit principle |
3- | Cost principle |
3- | Business entity principle |
4- | Going-concern principle |
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