Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which accounting principle states that revenue should be recognized when it is earned, regardless of when cash is received? a ) Matching principle b )

Which accounting principle states that revenue should be recognized when it is earned, regardless of when cash is received?
a) Matching principle
b) Revenue recognition principle
c) Conservatism principle
d) Materiality 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

Financial Accounting Reporting, Analysis And Decision Making

Authors: Shirley Carlon

6th Edition

0730363279, 9780730363279

More Books

Students also viewed these Accounting questions