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The revenue recognition principle dictates that revenue should be recognized in the accounting records: a) when cash is received b) in the period that income taxes are paid c) when it is earned. d)at the end of the month.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
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Asked 2/16/2013 1:41:33 PM
Updated 5/27/2016 12:52:29 AM
1 Answer/Comment
Flagged by emdjay23 [5/26/2016 2:32:05 PM], Edited by Andrew. [5/27/2016 12:52:28 AM], Unflagged by Andrew. [5/27/2016 12:52:29 AM]
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The revenue recognition principle dictates that revenue should be recognized in the accounting records when it is earned.
Added 5/26/2016 2:32:03 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [5/27/2016 12:52:29 AM]
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