Which accounting principle would require gredvig tile


Problem

On November 30 of the current year, Greclvig Tile and Granite signed a $65,000 contract with a client to provide installation Services to the client in the following year. Which accounting principle would require Gredvig Tile and Granite to record the installation services revenue in the following" year and not the year the cash was received?

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Accounting Basics: Which accounting principle would require gredvig tile
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