Since the revenue recognition principle requires that revenues be
recorded when earned, there are no unearned revenues in accrual
accounting.
A: True
B: False
recorded when earned, there are no unearned revenues in accrual
accounting.
A: True
B: False
举一反三
- Since the revenue recognition principle requires that revenues be recorded when earned, there are no unearned revenues in accrual accounting. A: 正确 B: 错误
- 中国大学MOOC: Since the revenue recognition principle requires that revenues be recorded when earned, there are no unearned revenues in accrual accounting.
- Under the accrual basis of accounting, revenues are reported in accounting period when the: A: Cash is received B: Service or goods have been delivered C: Cash is paid D: Expense matches the revenues or is used up
- The matching principle requires that expenses be recorded in the same time period as when the expense actually makes its contribution to revenue. In other words, expense recognition is tied to revenue recognition.
- The cash basis of accounting commonly results in financial statements<br/>that are less comparable from period to period than the accrual basis<br/>of accounting ____ A: True B: False