Revenue Recognition and Expense Recognition Video Lessons

Concept

# Problem: Jorge receives a gas bill for $200 on 9/28, which will be paid on 10/15, and he makes the correct adjusting journal entry. What accounting principle is he following? A. Historical Cost B. Revenue Recognition C. Matching Principle D. Conservatism ###### FREE Expert Solution ###### Problem Details Jorge receives a gas bill for$200 on 9/28, which will be paid on 10/15, and he makes the correct adjusting journal entry. What accounting principle is he following?

A. Historical Cost

B. Revenue Recognition

C. Matching Principle

D. Conservatism

What scientific concept do you need to know in order to solve this problem?

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