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Match the following principles of financial accounting to their definitions:

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Match the following principles of financial accounting to their definitions;A. Articulation of financial statements.;B. Accrual accounting.;C. Revenue recognition principle.;D. Cash basis accounting.;1. Financial statements are linked within and across time.;2. Revenue and expenses are recognized when a cash transaction is completed.;3. Revenue is recognized when earned.;4. Recognizes revenue when earned and expenses when incurred, even if no cash is received or paid.

 

Paper#24154 | Written in 18-Jul-2015

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