The revenue recognition principle dictates that revenue should be recognized in the accounting records
when cash is received.
in the period that income taxes are paid.
when it is earned.
at the end of the month.
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... received, period. Take example 1, a transaction in cash basis accounting ... income taxes ... [ Recognition Principle It dictates that revenue should be recognized in the accounting http://wiki.answers.com/Q/What_accounting_principle_requires_revenue_to_be_reported_when_earned ]
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