Examlex
Two-year-old Ruby utters the words "go car." This is an example of
Revenue Recognition Principle
A concept of accounting that states that revenues are recorded when earned, which is when the services have been performed or products have been delivered to customers.
Recorded
The action of entering financial transactions into the accounting records of a business.
Recorded
The process of documenting financial transactions in the books of accounts as evidence of the transactions.
Relate
To establish a connection or relationship between two or more things.
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