In Accrual Accounting,according to the __________ Recognition Principle,revenues Should Be

question 196

Multiple Choice

In accrual accounting,according to the __________ recognition principle,revenues should be recognized when they are earned,not necessarily when cash is received.

• A) revenue
• B) expense
• C) cost
• D) accrual

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Definitions:

Tattooing

The process of inserting pigment into the skin's dermis to create designs or text permanently.

Cultures

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Purposes

The reasons for which something is done or created or for which something exists.

Folklore

Traditional beliefs, customs, stories, songs, and practices that are passed through generations by word of mouth.