Under accrual accounting, when should expenses be matched against revenue? after cash is collected from the customer in the same period as the revenue they helped generate before the earnings process is complete after payment for any costs related to the revenue

Under accrual accounting, when should expenses be matched against revenue? after cash is collected from the customer in the same period as the revenue they helped generate before the earnings process is complete after payment for any costs related to the revenue

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Under accrual accounting, when should expenses be matched against revenue?

after cash is collected from the customer

in the same period as the revenue they helped generate

before the earnings process is complete

after payment for any costs related to the revenue

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