The revenue principle requires that a business record revenue when the business:

Name: The revenue principle requires that a business record revenue when the business:
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Question

Quizplus · Accepted Answer

The revenue principle states that revenue should be recorded when it has been earned, which means that the goods or services have been delivered to the customer or the services have been completed. Therefore, options A, B, and D do not align with the revenue principle as they do not necessarily indicate that revenue has been earned.

The Revenue Principle Requires That a Business Record Revenue When