Author Question: The revenue recognition principle requires that revenue be recognized in the accounting records ... (Read 45 times)

laurencescou · **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