Ask Question
26 March, 15:05

Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is

a. the cash basis principle.

b. the adjusting principle.

c. the revenue recognition principle.

d. the income statement principle.

+1
Answers (1)
  1. 26 March, 15:14
    0
    The right answer for the question that is being asked and shown above is that: "c. the revenue recognition principle. " Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is the revenue recognition principle.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is a. the cash basis ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers