The revenue principle states that revenue should be recorded in the same period as the cash is received.

Name: The revenue principle states that revenue should be recorded in the same period as the cash is received.
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The revenue principle states that revenue should be recorded in the period in which it is earned, regardless of when cash is received. This principle is based on the accrual accounting method, which matches revenues and expenses in the same accounting period.

The Revenue Principle States That Revenue Should Be Recorded in the Same