QuestionMay 22, 2025

The __ principle states that accounting information is based on actual cost. expense recognition full disclosure revenue recognition measurement

The __ principle states that accounting information is based on actual cost. expense recognition full disclosure revenue recognition measurement
The __ principle states that accounting information is based on actual cost.
expense recognition
full disclosure
revenue recognition
measurement

Solution
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Answer

measurement Explanation 1. Identify the Principle The principle that states accounting information is based on actual cost is the **measurement** principle.

Explanation

1. Identify the Principle<br /> The principle that states accounting information is based on actual cost is the **measurement** principle.
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