The revenue recognition principle requires that revenue be ...

[laurencescou]

The revenue recognition principle requires that revenue be recognized in the accounting records ________.
 
  A) when cash is received
  B) when it is earned
  C) at the end of the accounting period
  D) in the period the income taxes are paid

Question 2

The depositor who orders the bank to pay a certain amount of money is known as the drawee.
 a. True
   b. False
   Indicate whether the statement is true or false

[morrie123456]

Answer to Question 1

B

Answer to Question 2

False

[laurencescou]

Thanks for the timely response, appreciate it

[bassamabas]

Gracias!