Which accounting principle states that a company should "record revenues when they provide goods and services to customers"?

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asked Feb 8, 2021 133k views

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Noman Saeed · Answer 1 · 2021-02-13T05:49:32+0000

Answer:

Revenue recognition

Step-by-step explanation:

Correct word for the given statement is Revenue recognition

Revenue recognition is a proper accounting rule (GAAP) that distinguishes the particular conditions wherein income is perceived and decides how to represent it. Normally, income is perceived when a basic occasion has happened, and the dollar sum is effectively quantifiable to the organization.

Which accounting principle states that a company should "record revenues when they provide goods and services to customers"?

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