Two Accounting Principles Central to Accrual Accounting Basis That Are

question 98

Multiple Choice

Two accounting principles central to accrual accounting basis that are relied on in the adjusting process are:

• A) Revenue recognition and going-concern.
• B) Revenue recognition and monetary unit.
• C) Expense recognition (matching) and cost.
• D) Revenue recognition and Expense recognition (matching).
• E) Expense recognition (matching) and business entity.

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