Identical Twins Are Genetically the Same but Do Not Always

question 23

Essay

Identical twins are genetically the same but do not always look or act exactly alike.Propose a hypothesis to explain this.

---

Definitions:

Recognition Principle

An accounting concept dictating that revenue should be recognized in the income statement when it is realized or realizable and earned, not necessarily when cash is received.

Time Period Principle

An accounting principle stating that financial reporting should be done in regular intervals to ensure relevance and reliability.

Contra Account

An account used in an accounting system to offset a related account, commonly used to record depreciation, allowances, and discounts.

Normal Balance

The side of an account, either debit or credit, where increases to the account are recorded.