Quickbooks ch 10 - Study guides, Class notes & Summaries
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QuickBooks Ch. 10 (2023/2024) Rated A+
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Prudence The methods least likely to overstate assets and income

are used.



Consistency The same accounting methods are used year to

year.



Revenue recognition Publicly traded companies record when

revenue is earned.



Objectivity Business statements are impartial and absent of bias.
Exam (elaborations)
QuickBooks Ch. 10 (2023/2024) Rated A+
Last document update:
ago
Prudence The methods least likely to overstate assets and income 
are used. 
 
Consistency The same accounting methods are used year to 
year. 
 
Revenue recognition Publicly traded companies record when 
revenue is earned. 
 
Objectivity Business statements are impartial and absent of bias.
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