A

Admin • 802.91K Points
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Q. Which accounting principle requires that revenue be recognized when earned, regardless of when received?

  • (A) Matching Principle
  • (B) Revenue Recognition Principle
  • (C) Conservatism Principle
  • (D) Materiality Principle
  • Correct Answer - Option(B)
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  • Filed under category Accounting
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Explanation by: Admin
The Revenue Recognition Principle states that revenue should be recognized when it is earned and realizable.

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