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-83120-ACC1 1036-002 SRINIVAS INGUVA Quiz: Quiz 1 This qutz: 14 ) This question po Question 4 of 14 on dently the accounting assumption, cena, or objective that gives the most directun on how to account for each of the town a The owner of a business desres monthly inancial statements to more the financial progress of the entity an ongor b. Expenses of $1,400 must be accrued at the end of the posod to measure income properly Acuntomer states hor intention to switch avel agencies Should the new travel agency record revenue based on the inter d. Expenses is the period tal $5,000 The amount should be subtracted from revesus to compute the periods not co Give the moon for y For each situation, select the accounting concept or principle that gees the most direction on how to account for that situation there is only one concept or penciple, select an am in the test o The owner of a niness destes monthly fencial statements to measure the financial progress of the entity on an ongong bu Tame period assunto bExpenses of $1,400 must be accrued at the end of the period to me come property Accrual accounting Matching ohinctive A customer sales ter intention to switch travel agencies Should the tew travel agency record revenian based on this to Give the reason your Ratoortoncideria for revena d Expense of the peod total 55 500 The amount should be subaded from revenue to compute the peo's red income Matching otective Vamika Chowdhary 04/01/2020 PM @ Submit qui Time flamaining:0058.2 900 Next 22 106 2013