A dance studio accepts $$1,500$ to provide a series of dance lessons to a youth group during the month of July. The studlo records the revenue in July

when the lessons take place. The studio incurs rent, utilities, and salaries expenses in July related to the youth group's lessons. The studlo records the

expenses in August, when it pays for them. One of both of these dectstons:

Multiple Choice

are both examples of accrual accounting.

violate$($s$)$ the accounting equation.

violate$($s$)$ the matching princple.

violate$($s$)$ the revenue recognition princple.