this multiple choice questions from ACCOUNTING PRINCIPLES I 1. The revenue recognition concepta. Determines when revenue is credited to a revenue account.b. States that revenue is not recorded until the cash is received.c. Controls all revenue reporting forthe cash basis of accounting.d. Is in conflict with accrual accounting.2. The matching principle:a. Addresses the relationship between the journaland the ledger.b. Determines whetherthe normal balance of an account is a debit or credit.c. Requires that expenses related to revenue and revenue be reported at the same time.d. Requires that the dollar amount of debits equal the dollar amount of credits in a journalentry.3. Using accrual accounting, expenses are recorded only:a. When they are incurred and paid at the same timeb. If they are paid before they are incurredc. If they are paid afterthey are incurredd. When they are incurred, whetheror not cash is paid

Name: this multiple choice questions from ACCOUNTING PRINCIPLES I 1. The rev
Uploaded: 2024-03-04T10:43:15.000Z
Channel: Bartleby
Description: this multiple choice questions from ACCOUNTING PRINCIPLES I 1. The revenue recognition concepta. Determines when revenue is credited to a revenue account.b. States that revenue is not recorded until the cash is received.c. Controls all revenue report