Match the letter of each principle or assumption or qualitative characteristic with the appropriate statement.
-Deals with the problem of when to recognize revenue.
A)Business entity
B)Going concern
C)Time period
D)Monetary unit
E)Historical cost
F)Conservatism
G)Realization
H)Consistency
I)Full disclosure
J)Verifiability
K)Materiality
L)Industry practices

Question

Quizplus · Accepted Answer

Realization principle deals with the problem of when to recognize revenue.

Note: None of the other principles or assumptions or qualitative characteristics listed match this statement.

Match the Letter of Each Principle or Assumption or Qualitative