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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Answer:
Autocracy is a system of government in which supreme power over a state is concentrated in the hands of one person, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of coup d'état or other forms of rebellion).
Explanation:
Answer:
Adaptive leadership
Explanation:
Adaptive leadership -
It the type of leadership , which helps the person and even the organisations to adjust and accommodate to any type of alterations in the working environment , is known as adaptive leadership .
The changes could be like using new method , or any new technology .
In this type of leadership quality , the person tends reward for the performance of the employee and encourage them to do well .
And , even can easily deal with any alteration of the employee and know the strategy to how to treat them .
Answer:
you should try this I Not a confusing question
