1.conservatism is also known as ___________.
a.prudence
b.patience
c.frugality
d.generosity
2.mr.pedro makes his financial reports monthly. what kind of principle his accountant performs________principle.
a.time period
b.conservatism
c.revenue recognition
d.accrual
3.it requires the expenses incurred during a period to be recorded in the sameperiod in which related revenues are earned. this refers to_________.
a.matching principle
b.objectivity principle
c.conservatism principle
d.materiality principle
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Answer:
QUESTION ❓
1.conservatism is also known as ___________.
[ANSWER]
a.prudence
[EXPLANATION]
QUESTION ❓
mr.pedro makes his financial reports monthly. what kind of principle his accountant performs________principle.
[ANSWER]
d.accrual
[EXPLANATION]
QUESTION ❓
3.it requires the expenses incurred during a period to be recorded in the sameperiod in which related revenues are earned. this refers to_________.
[ANSWER]
a.matching principle
Step-by-step explanation:
✨STUDYHARD✨
✨MR.UNFLICK✨
Answer:
1. A
2. D
3. A
Step-by-step explanation:
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