The Accounting Principle That Governs the Recording of Bad Debt

question 120

Multiple Choice

The accounting principle that governs the recording of bad debt expense in the same period as sales revenue is called the:

• A)expense recognition principle ("matching").
• B)time period assumption.
• C)revenue recognition principle.
• D)separate entity assumption.

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Definitions:

Skills

Specific abilities and capacities to carry out different tasks, acquired through practice, training, or experience.

Reliable Measurement

The consistency and stability of the data collected over time, ensuring accuracy in research or assessment.

Consistent Results

Outcomes that are regularly uniform and predictable across a series of tests or evaluations, indicating reliability.

Interviewing

The process of asking questions and evaluating a candidate for a potential job, role, or position.