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Revenue Recognition Principle
An accounting principle that dictates the conditions under which revenue is recognized and determines how revenue is accounted for.
Revenue Account
An account that tracks the income generated from a company's primary operations.
Matching Principle
An accounting concept that expenses should be recorded in the same period as the revenues they helped to generate.
Revenues
The total amount of money generated by the sale of goods or services related to a company's primary operations.
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