Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which accounting principle states that a sale is recorded on the date of the sale, rather than the date when cash is received. Realization principal

Which accounting principle states that a sale is recorded on the date of the sale, rather than the date when cash is received.

Realization principal

Cost principle

Matching principle

Going concern principle

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

EAuditing Fundamentals Virtual Communication And Remote Auditing

Authors: J.P. Russell, Shauna Wilson

1st Edition

0873898486, 978-0873898485

More Books

Students also viewed these Accounting questions

Question

Show that e|0, 1| e [0,2].

Answered: 1 week ago

Question

Challenges Facing Todays Organizations?

Answered: 1 week ago