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Financial Statements and Accounting Transactions
?
Using a sales invoice as the basis for recording a sale of merchandise is an example of using which accounting principle or concept for recording transactions?
Recognition principle
Objectivity principle
Realization principle
Continuing-concern concept
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (B)
Objectivity principle
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