The Revenue Principle Governs Two Things

question 123

Multiple Choice

The revenue principle governs two things:

• A)when to record a revenue and where to record this revenue.
• B)where to record a revenue and the amount of revenue to record.
• C)when to record revenue and the amount of revenue to record.
• D)to record the amount to be received and in which journal to record this amount.

---

Definitions:

Validly Completed

Refers to a logical argument that is structured correctly and follows the principles of logic, thus leading to a true conclusion if the premises are true.

Distributed

In logic, refers to a term in a categorical proposition that is used to assert something about every member of the category it represents.

Proposition

A formal statement or proposition in logic or mathematics, proposed for acceptance or rejection.

Enthymemes

A shortened form of syllogism which omits one of the premises, assuming it to be understood by the audience.