Financial Accounting #2 21個詞語 Mark_Ontiveros1 預覽 這個學習集的練習題 學習 1 / 7 用學習模式學習 Recognize revenue in the accounting period in which the performance obligation is satisfied. 選擇正確的詞語 1 Periodicity Assumption 2 Revenue Recognition Principle 3 Expense Recognition Principle 4 Ac...
Accrual-Basis Accounting: Transactions recorded in the periods in which the events occur. 1• Companies recognize revenues when they perform services rather than when they receive cash 2• Expenses are recognized when incurred rather than when paid (when assets are "used") ...
Accrual Basis of Accounting Revenues are recognized when earned, regardless of the period of cash collection Expenses are recognized when incurred, regardless of the period of cash payment. Cash Basis of Accounting Revenues are recognized when cash is received. ...