Question
Sally Smith had expenses of $800 in June which she paid in July. She reported these expenses on her June income statement. By doing this,
Sally Smith had expenses of $800 in June which she paid in July. She reported these expenses on her June income statement. By doing this, she is following the accounting principle of:
Revenue realization. Adequate disclosure. Matching. Conservatism. Which answer is correct
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Financial Accounting
Authors: Carl Warren
13th Edition
1133607616, 978-1133607618
