Question
The accounting principle that requires revenue to be recorded when goods or services are provided to customers and at an amount expected to be received
The accounting principle that requires revenue to be recorded when goods or services are provided to customers and at an amount expected to be received from customers is the:
Multiple Choice
Expense recognition (matching) principle.
Revenue recognition principle.
Time period assumption.
Accrual reporting principle.
Going-concern assumption.
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
10th Edition
0324183518, 978-0324183511
