Normally,liabilities should be recorded on the date the goods are received and accepted.

Name: Normally,liabilities should be recorded on the date the goods are received and accepted.
Brand: Quizplus
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Quizplus · Accepted Answer

Liabilities should be recorded on the date the goods are received and accepted, in accordance with the accrual accounting principle. This ensures that the expenses related to the goods are recognized in the same period as the revenue they generate.

Normally,liabilities Should Be Recorded on the Date the Goods Are