i need help in this question with correct approach 9. Which principle requires that expenses be recognized when incurred, regardless of when payment is made?A. Historical Cost PrincipleB. Going Concern PrincipleC. Accrual PrincipleD. Revenue Recognition Principle

i need help in this question with correct approach 9. Which principle requires that expenses be recognized when incurred, regardless of when payment is made?A. Historical Cost PrincipleB. Going Concern PrincipleC. Accrual PrincipleD. Revenue Recognition Principle

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2Q: Describe the expense recognition principle (matching principle). Give specifics.

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i need help in this question with correct approach

9. Which principle requires that expenses be recognized when incurred, regardless of when payment is made?
A. Historical Cost Principle
B. Going Concern Principle
C. Accrual Principle
D. Revenue Recognition Principle

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