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[判断题]

Revenue recognition principle is the core concept under cash basis accounting.（)

提问人：网友后慧珍 发布时间：2022-01-07

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更多“Revenue recognition principle …”相关的问题

第1题

Revenue is recognized in the accounting period in which the performance obligation is satisfied. This statement describes the:

A、Consistency characteristic

B、Expense recognition principle

C、Revenue recognition principle

D、Relevance characteristic

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第2题

The generally accepted accounting principle which guides the recognition of revenue is .

A、accrual basis of accounting

B、realization principle

C、the reliability principle

D、None of the above.

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第3题

According to the revenue recognition principle, revenues of a business can not be recorded or recognized if cash is not received.

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第4题

Since the revenue recognition principle requires that revenues be recorded when earned, there are no unearned revenues in accrual accounting.

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第5题

assumption holds that the entity will remains in operation for the foreseeable future.

A、Bookkeeper

B、Going-concern

C、Revenue recognition

D、None of the above.

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第6题

The system of preparing financial statements based on recognizing revenues when the cash is received and reporting expenses when the cash is paid is called:

A、Accrual basis accounting.

B、Operating cycle accounting.

C、Cash basis accounting.

D、Revenue recognition accounting.

E、Current basis accounting.

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第7题

Discuss the principles and practices which should be used in the financial year to 30 Nove

mber 2008 to account

for:(c) the purchase of handsets and the recognition of revenue from customers and dealers. (8 marks)

Appropriateness and quality of discussion. (2 marks)

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第8题

Which of the following is not one of the criteria that normally must be met for revenu

e to be recognized according to the revenue recognition principle ？ ()

A、Cash has been collected.

B、Services have been provided

C、Goods have been delivered to customer.

D、The amount the seller expects to receive is determinable.

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第9题

The Maxim Company acquired a building for $500,000. Maxim had the building appraised, and

found that the building was easily worth $575,000. Which accounting principle would require Maxim to record the building on its records at $500,000？

A、Monetary unit assumption.

B、Going-concern assumption.

C、Cost principle.

D、Business entity assumption.

E、Revenue recognition principle.

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第10题

Larsen Yachting Company purchases a boat for $15 000 in the month of May. It sells the boat in the month of July. requires that the $15 000 be recognized as an expenses in July？

A、Revenue Recognition Principle

B、Historical Cost Principle

C、Matching Principle

D、Full Disclosure Principle

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