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H3Ko H3Ko
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8 years ago
Which of the following entries would be made as the result of the revenue recognition principle?

A) Accounts Receivable   1,000   
     Service Revenue           1,000

B) Salaries Expense   1,000   
     Accounts Payable           1,000

C) Depreciation Expense   1,000   
     Accumulated Depreciation           1,000

D) Service Expense   1,000   
     Service Revenue           1,000
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
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H3Ko Author
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#2
8 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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