In accounting, which principle emphasizes recording transactions at their original cost? A) Matching principle. B) Revenue recognition principle. C) Historical cost principle. D) Conservatism principle.
In accounting, which principle emphasizes recording transactions at their original cost? A) Matching principle. B) Revenue recognition principle. C) Historical cost principle. D) Conservatism principle.
Chapter9: Accounting For Receivables
Section: Chapter Questions
Problem 1MC: Which of the following is not a criterion to recognize revenue under GAAP? A. The earnings process...
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![In accounting, which principle emphasizes recording transactions at their original cost? A)
Matching principle. B) Revenue recognition principle. C) Historical cost principle. D)
Conservatism principle.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3a23c82d-1dac-4ea2-924a-bef9cb5bccc6%2F00e31c19-e075-491e-b3bf-d6925a79a076%2Fbyxfzra_processed.png&w=3840&q=75)
Transcribed Image Text:In accounting, which principle emphasizes recording transactions at their original cost? A)
Matching principle. B) Revenue recognition principle. C) Historical cost principle. D)
Conservatism principle.
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