The matching principle requires matching expenses incurred during an accounting period with the revenue earned during the previous period. True False
The matching principle requires matching expenses incurred during an accounting period with the revenue earned during the previous period. True False
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter6: Work Sheet And Adjusting Entries For A Service Business
Section6.2: Planning Adjusting Entries On A Work Sheet
Problem 1AYU
Related questions
Question
The matching principle requires matching expenses incurred during an accounting period with the revenue earned during the previous period.
|
True
|
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False
|
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