Question

Which accounting principle states that revenue should be recognized when it is earned, regardless of when cash is received?

Q: Answer-Which accounting principle states that revenue should be recognized when it is earned, regardless...

Explanation The Accrual Principle recognizes revenue when earned and expenses when incurred, regardless of cash flow. It ensures that financial statements reflect the actual financial position.

A Accrual Principle

B Matching Principle

C Conservatism Principle

D Consistency Principle

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Which accounting principle states that revenue should be recognized when it is earned, regardless of when cash is received?

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