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2 April, 09:17

The revenue recognition principle

a. is not in conflict with the cash method of accounting

b. states that revenue is not recorded until the cash is received

c. controls all revenue reporting for the cash basis of accounting

d. determines when revenue is credited to a revenue account

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Answers (1)
  1. 2 April, 11:44
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    D. determines when revenue is credited to a revenue account.

    The revenue recognition principle determines the accounting period in which revenues and expenses are recognized.
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