Porite company recognizes revenue in the period in which it, Ask an Expert

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Porite Company recognizes revenue in the period in which it records an asset for the related accounts receivable, rather than in the period in which the accounts receivable is collected in cash. Porite's practice is an ex of:

a) cash basis accounting

b) accrual accounting

c) the matching principle

d) economic entity

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948951

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