carolyngrace339 carolyngrace339
  • 11-09-2020
  • Business
contestada

Consistent with____recognition principle, companies record revenue at the time goods are provided to customers.

Respuesta :

ayfat23
ayfat23 ayfat23
  • 12-09-2020

Answer:

Revenue

Explanation:

In finance, revenue recognition principle can be associated to acrrual accounting, it stated that recognition of revenue should only take place when revenue is earned or received, it shouldn't be when there is received cash. It helps to know periods that revenue is needed to be recognized.

It should be noted that Consistent with revenue recognition principle, companies record revenue at the time goods are provided to customers.

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