Which of the Following Is the Accounting Principle That Governs

question 62

Multiple Choice

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

• A)Realization principle
• B)Materiality
• C)Matching
• D)Depreciation

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Definitions:

Cognitive Development

The process by which a person's ability to think, understand, and interact with the world develops through childhood and adolescence.

Lev Vygotsky

A Soviet psychologist known for his work on cognitive development, particularly the social development theory which emphasizes the role of social interaction in the development of cognition.

Conservation

The protection and preservation of natural resources and the environment to prevent depletion and degradation.

Physical Properties

Characteristics of a substance that can be observed or measured without changing the substance's chemical composition, such as density, color, or melting point.