Charlemagne Established ________ as a Center for Learning and Scholarship;

question 47

Short Answer

Charlemagne established ________ as a center for learning and scholarship; Alcuin of York led the palace school.

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Definitions:

Expense Recognition Principle

Accounting principle that dictates expenses should be recognized in the period in which they are incurred to generate revenues.

Accounting Period

This is a specific duration of time for which financial statements are prepared to understand and evaluate a company's financial performance.

Earned

Refers to income or revenue that a company has generated from its operations or business activities.

Adjustments

Records documented in the financial accounts at the end of a fiscal period to distribute revenues and expenses to the timeframe in which they were truly incurred.