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The expense recognition principle determines whether the normal balance of an account is a debit or a credit. O determines that expenses related to revenue
The expense recognition principle determines whether the normal balance of an account is a debit or a credit. O determines that expenses related to revenue be reported at the same time the revenue is reported. O requires that the dollar amount of debits equal the dollar amount of credits on a trial balance. O addresses the relationship between the journal and the balance sheet
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