Time left 0:51:0The statement 'revenue is recognized in the accounting period in which theperformance obligation is satisfied' best describes thea.consistency characteristicO b. expense recognition principleОс.revenue recognition principleO d. relevance characteristicNext page

The revenue recognition principal state that the the revenue should be recognised in books when the…

The statement 'revenue is recognized in the accounting period in which the performance obligation is satisfied' best describes the O a. consistency characteristic O b. expense recognition principle O c. revenue recognition principle O d. relevance characteristic

The statement 'revenue is recognized in the accounting period in which the performance obligation is satisfied' best describes the O a. consistency characteristic O b. expense recognition principle O c. revenue recognition principle O d. relevance characteristic

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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