The accounting principle that states that revenue is recorded at the time that it is earned regardless of whether cash or another asset has been exchanged is the:

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The revenue recognition principle states that revenue should be recorded at the time it is earned, regardless of when the payment is received. This ensures that financial statements accurately reflect the company's revenues and expenses for a given period. It is an important principle for ensuring transparency and fairness in financial reporting.

The Accounting Principle That States That Revenue Is Recorded at the Time