The revenue principle guides accountants in which of the following ways?
A) Ensures that information is reported at regular intervals
B) Determines when to record expenses
C) Determines when to record revenue
D) Dictates that expenses be deducted from revenues

Question

Quizplus · Accepted Answer

The revenue principle specifically dictates when to record revenue, which is when it is earned or when goods or services are delivered.

The Revenue Principle Guides Accountants in Which of the Following