REVENUE PRINCIPLE Definition

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REVENUE PRINCIPLE is where revenues are recorded when they are earned regardless of timing of cash receipts.

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IMPAIRED ASSETS, in banking, applies to all problem assets which banks hold, and is not limited to problem loans. In addition to loans, it also captures off- balance sheet exposures and assets which have come onto banks balance sheets through enforcement of security conditions. See IMPAIRMENT OF VALUE.

UNDISTRIBUTED EARNINGS see RETAINED EARNINGS.

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