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professor190 [17]
3 years ago
13

The revenue recognition principle states that:

Business
1 answer:
Ivenika [448]3 years ago
7 0

Answer:

The correct answer is letter "D": Revenue should be recognized in the period goods and services are provided.

Explanation:

Revenue Recognition is an accounting term that describes how and when a firm records revenue in its books of accounting. Revenue recognition follows the <em>Generally Accepted Accounting Principle</em> (GAAP) and using the accrual method of accounting it requests to record revenue when earned, it is when the goods or services are provided regardless of when the money for those products is received.

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The SDLC process models achieves the above function is Incremental model. Thus, option (d) is correct.

<h3>What is risk?</h3>

Risk refers to the chance of happening something wrong. It involves the uncertainty about the after effects of the acts. For the businessman, risk is the reward for profit.

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Therefore, it can be concluded that option (d) is correct.

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Your question is incomplete, but most probably the full question was….

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6 0
2 years ago
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
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Merchant wholesaler

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