Multiple Choice
The accounting principle that requires revenue to be recorded when earned is the:
A) Expense recognition (matching) principle.
B) Revenue recognition principle.
C) Time period assumption.
D) Accrual reporting principle.
E) Going-concern assumption.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q72: If a company has current assets of
Q135: The difference between the cost of an
Q153: The following information is available from the
Q155: A company recorded 2 days of
Q156: Juno Company had $500 of office supplies
Q157: Based on the unadjusted trial balance for
Q160: On May 1,Sellers Marketing Company received $1,500
Q161: For the year ended December 31,a company
Q163: Chase Company rents space to a tenant
Q186: The last four steps in the accounting