Business, 17.11.2020 19:40 shykim

Alpha Software Inc. made an advance rent payment of $6,000 for its warehouse. The accounting period for which the company paid the rent was from January to June 2014. The accountant recorded a rent payment of $1,000 in the month of January, 2014. Which accounting principle guides this action? A.
accounting periodicity
B.
matching principle
C.
historical cost
D.
business entity

Answers: 1

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Alpha Software Inc. made an advance rent payment of $6,000 for its warehouse. The accounting period...