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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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