Home » Accounts (Principles of Accounts) » Assigning revenues to the accounting period in which goods were sold or services rendered and…Assigning revenues to the accounting period in which goods were sold or services rendered and… Assigning revenues to the accounting period in which goods were sold or services rendered and expenses incurred is known as A. passing of entries B. consistency convention C. matching concept D. adjusting for revenue Correct Answer: Option C Explanation Related Posts What is the balance of the bank account shown above? The class of shareholders who are paid last in the event of wedding-up are A collection of fields relating to one logically definable unit of business information is known… Use the information to answer the given question. RECEIPTS AND PAYMENTS ACCOUNT: (begin{array}{c|c} & &… Which of the following is an example of intangible assets? What was the cost of materials available for use during the period?
Use the information to answer the given question. RECEIPTS AND PAYMENTS ACCOUNT: (begin{array}{c|c} & &…
