The accounting principle that requires revenue to be recorded when goods or services are provided...
90.2K
Verified Solution
Link Copied!
Question
Accounting
The accounting principle that requires revenue to be recorded when goods or services are provided to customers and at an amount expected to be received from customers is the:
Multiple Choice
Expense recognition (matching) principle.
Revenue recognition principle.
Time period assumption.
Accrual reporting principle.
Going-concern assumption.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
