[...] requires that revenue be recorded when earned and that expenses be recorded when incurred, irrespective of when the related cash movements occur.
[...] requires that revenue be recorded when earned and that expenses be recorded when incurred, irrespective of when the related cash movements occur.
[...] requires that revenue be recorded when earned and that expenses be recorded when incurred, irrespective of when the related cash movements occur.
Answer
Accrual accounting
Summary
status
not learned
measured difficulty
37% [default]
last interval [days]
repetition number in this series
0
memorised on
scheduled repetition
scheduled repetition interval
last repetition or drill
Details
No repetitions
Discussion
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