fasb
how many principle of gaap
FASB
general standards field work of standards reporting standards
the revenue recognition principle dictates that revenue should be recognized in the accounting records?
The matching principle and the revenue recogntion principle.
how many principle of gaap
No. It's first in first out.
FASB
general standards field work of standards reporting standards
the revenue recognition principle dictates that revenue should be recognized in the accounting records?
The matching principle and the revenue recogntion principle.
yes
what is the list of generally accounting accepted principles
in the phrase generally accepted accounting principles means
I believe the answer is Revenue recognition Principle and Matching Principle. Can anyone confirm.
GAAP - Generally Accepted Accounting Principles
Yes, along with FIFO and LIFO, Weighted average is a generally accepted accounting principle.