Answered: 3. Which accounting principle requires…

3. Which accounting principle requires expenses to be recognized in the same period as the revenues they help generate?a) Materialityb) Consistencyc) Matching Principled) Conservatism

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 12MC: Which of the following principles matches expenses with associated revenues in the period in which...

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Question

3. Which accounting principle requires expenses to be recognized in the same period as the revenues they help generate?
a) Materiality
b) Consistency
c) Matching Principle
d) Conservatism

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