Question: I need answer in brief and short Question 4 Answer the questions about the following principles of accounting and financial systems. a. Recognition of revenue

I need answer in brief and short

I need answer in brief and short Question 4
Question 4 Answer the questions about the following principles of accounting and financial systems. a. Recognition of revenue Describe when revenue is earned. b. Recognition of expenses Describe when an expense is occurred. C. Accrual accounting Explain why transactions are recorded as they occur even if payment has not yet been received by the workplace/organisation

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