The Accounting Principle Which Tells Accountants When to Record Revenue

question 83

Multiple Choice

The accounting principle which tells accountants when to record revenue and in what amount is called the:

• A) matching principle
• B) revenue recognition principle
• C) full disclosure principle
• D) going concern principle

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Definitions:

Light Rays

Streams of photons, which are elementary particles of light, that travel in straight lines and are visible when they encounter an object or substance.

Magnifying Lens

An optical lens or device designed to enlarge the appearance of objects viewed through it.

Light Source

Any device or natural entity that emits light, used to illuminate environments or as part of visual presentations.

Visual Disorders

Conditions that impair the ability to see clearly, which can range from mild visual impairment to complete blindness.