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25 July, 18:46

Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes thea) consistency characteristic. b) expense recognition principle. c) revenue recognition principle. d) relevance characteristic.

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  1. 25 July, 19:15
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    This statement describes. c) revenue recognition

    Explanation:

    The revenue recognition principle states that one should only record revenue when it has been earned, not when the related cash is collected.
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