menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 3: Adjusting Accounts for Financial Statements
  5. Question
    The Accounting Principle That Requires Revenue to Be Reported When
Solved

The Accounting Principle That Requires Revenue to Be Reported When

Question 87

Question 87

Multiple Choice

The accounting principle that requires revenue to be reported when earned is the


A) Matching principle
B) Revenue recognition principle
C) Timeliness principle
D) Cost principle
E) Going concern principle

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q82: Even if no errors have been detected

Q83: If you fail to record accrued salaries

Q84: Generally, accrual basis accounting results in a

Q85: Zang Company had no office supplies on

Q86: If the accountant failed to make an

Q88: Adjusting entries are required to match revenues

Q89: Lightning Advisory Service's unadjusted and adjusted trial

Q90: The economic effect of an expense is

Q91: Under the alternative method for recording prepaid

Q92: Discuss the two alternate methods used to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines