An accountant who records revenue when a credit sale is made rather than waiting for the receipt of cash from the customer is

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Recording revenue when a credit sale is made rather than waiting for the receipt of cash from the customer is in line with the accrual principle, which requires revenue to be recognized when earned, regardless of when payment is received. This is a generally accepted accounting principle. The conservatism convention, on the other hand, requires accountants to be cautious in recognizing revenue and to anticipate losses, while the consistency principle dictates that accounting methods should remain the same over time.

An Accountant Who Records Revenue When a Credit Sale Is