Which of the following is the principle that a business must report any business activities that could
Question:
Which of the following is the principle that a business must report any business activities that could affect what is reported on the financial statements?
A. Revenue recognition principle
B. Expense recognition (matching) principle
C. Cost principle
D. Full disclosure principle
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Full Disclosure Principle requires that any knowledge that woul...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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