Worldatwork Exam T7 Topic 2 Question 111 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 111
Topic #: 2

[All T7 Questions]

What are the two guiding principles of accrual accounting?

AExpense recognition and matching

BRevenue recognition and matching

CRevenue recognition and measurement

DCost and materiality

Show Suggested Answer

Suggested Answer: B

by Mozell at May 04, 2025, 10:59 PM

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7 days ago

Option B seems like the way to go. Revenue recognition and matching are the cornerstones of accrual accounting.

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