Examlex
All of the following are elements in classroom design that are applicable to every learner, EXCEPT:
Recognized
Recognized, in accounting terms, refers to the official acknowledgment of a transaction or event in the financial statements through recording it.
Customers
Individuals or entities that purchase goods or services from a business, contributing to the company's revenue.
Revenue Recognition Principle
An accounting standard requiring revenue to be recognized in the accounting period when it is earned and measurable.
GAAP
Generally Accepted Accounting Principles; the standard framework of guidelines for financial accounting used in any given jurisdiction, commonly used in the United States.
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