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Author Question: The revenue recognition principle requires that revenue be recognized in the accounting records ... (Read 81 times)

laurencescou

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on: Jul 5, 2018
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


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morrie123456

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Reply #1 on: Jul 5, 2018
Answer to Question 1

B

Answer to Question 2

False


laurencescou

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Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

amit

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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