The Accounting Principle That States That Revenue Is Recorded at the Time

question 136

Multiple Choice

The accounting principle that states that revenue is recorded at the time that it is earned regardless of whether cash or another asset has been exchanged is the:

• A)Monetary unit principle.
• B)Going concern principle.
• C)Business entity principle.
• D)Cost principle.
• E)Revenue recognition principle.

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Definitions:

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