The ____________________ Principle Attempts to Associate the Revenue of the Period

question 36

Short Answer

The ____________________ principle attempts to associate the revenue of the period with all costs necessary to generate that revenue.

---

Definitions:

Full Settlement

An agreement or payment that completely resolves a claim, debt, or dispute, leaving no further obligations for any of the involved parties.

Additional Consideration

Extra compensation or benefit that is promised to be given in a contract, in addition to what was originally agreed.

Modified Agreement

A change or revision to the terms of an existing contract, which must be agreed upon by all parties involved.

Substitute Contract

A legal agreement that replaces a previous contract, often due to modified terms or conditions.