Accountancy, asked by Vineet33Gupta, 1 year ago

What is revenue recognition principle ?

Answers

Answered by Anonymous
0

A firm assumes that it would not record certain profits

Answered by jmishraadvocate
4

Answer:

The accounting guidelines requiring the revenue be shown on the income statement in the period in which they are earned ,not in the period when the case is collected is called revenue recognition principle.

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