Which of the Following Is the Accounting Principle That Governs

question 9

Multiple Choice

Which of the following is the accounting principle that governs the timing of revenue recognition?

• A) Recognition principle
• B) Materiality.
• C) Matching.
• D) Depreciation.

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Definitions:

Administrative Expenses

Overhead or general expenses related to the management and general operations of a business, including salaries of executive personnel, accounting, and HR.

Tour Director

A professional responsible for managing and guiding travel groups throughout their itinerary, ensuring a pleasant and organized trip.

Seat Occupancy

The ratio or percentage of occupied seats in a venue or vehicle to the total available.

Operating Performance

An evaluation of a company's efficiency in managing its core business activities, often measured by profitability and productivity metrics.