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Revenue is generally recognised at the point of sale. Which principal is applied a. Consistency b. Matching c. Revenue recognition / Realisation d. Cost principle

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2Q: Describe the expense recognition principle (matching principle). Give specifics.

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Question

Revenue is generally recognised at the point of sale. Which principal is applied

Consistency

Matching

Revenue recognition / Realisation

Cost principle

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