Answer:
"B"
Explanation:
Expenses are recognized under the accrual accounting principle.
Before expenses can be recognized under accrual method , it must be matched to a particular revenue.This means that expenses are recognized in the period that the expense was able to generate a revenue. In other words , it in recorded in the period in which it was sold and not the period it was bought.
This is done to improve the quality , accuracy of financial statement to give a true representation of an organization.
Answer:
Medium of Exchange
Explanation:
The main function that distinguishes money from other assets is that everybody accept the money as a medium of exchange, either for our job or to buy things that we are interested.
Always through history the main function of money was to be a medium of exchange because at the begining money didn't exist so you needed to use different things, first salt, then precious metal and today money as we know.
One of the first technologies to truly revolutionize the business use of information was a stone tablet. FALSE.
Answer: One of the first echnologies to truly revolutionize the business use of information were paper and the printing press.
When these developments came about, they made it easier for communication to be shared between businesses, cities, and the economy. Allowing for paper and the printing press increased communication and made room for new jobs. As they grew and expanded, new people were hired which helped the economy get a boost of new funds.
