Porite Company recognizes revenue in the period in which it records an asset for the related accounts receivable, rather than in the period in which the accounts receivable is collected in cash. Porite’s practice is an example of:a) cash basis accountingb) accrual accountingc) the matching principled) economic entity
Porite Company recognizes revenue in the period in which it records an asset for the related accounts receivable, rather than in the period in which the accounts receivable is collected in cash….