The generally accepted accounting principle which dictates that - 14313

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The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which it is earned is the:

 

·       expense recognition principle.

 

 

·       revenue recognition principle.

 

 

·       accrued revenues principle.

 

 

·       periodicity assumption.

Solution Description

 

The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which it is earned is the:

 

·