The revenue recognition principle dictates that revenue be recognized in the accounting period in which <u>the performance obligation is satisfied.</u>
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The revenue recognition principle is a feature of accrual accounting which requires that revenues are recognized on the income statement, in that time period when they are earned and realized, not necessarily when the cash is received.
The principle is important because it enables a business to show profit and loss accurately, since the revenue is recorded when it is earned, not when it is received. Usage of this principle also helps with financial projections, which allows the businesses to project future ventures more accurately.
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Because it is natural process
The answer to your question is,
to seek optimum levels of arousal.
-Mabel <3
The answer to this question is a. <span>Determining what clothes to wear to the prom
Determining the clothes usually based on the needs or desire to steal attention from her classmates in order to obtain social acceptance.
For this acceptance, the majority of us even willing to spend a considerable amount of money in order to receive that one night attention.
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