Question: Question. identify the generally accepted accounting conception or constraint violated in the following situation. GuardIt Ltd., provides security services to other businesses.GuardIt Ltd. charges customers

Question. identify the generally accepted accounting conception or constraint violated in the following situation. GuardIt Ltd., provides security services to other businesses.GuardIt Ltd. charges customers double the hourly rate that it pays its security guards.Guards are paid on the 15th of each month.GuardIt records revenue at the time the guarding services are provided, records wage expenses at the time the guards are paid, and prepares financial statements at the end of each month.

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