Which accounting principle requires that expenses be recorded in the same period as the revenues they help generate?A. Cost PrincipleB. Revenue Recognition PrincipleC. Matching PrincipleD. Full Disclosure Principle

Which accounting principle requires that expenses be recorded in the same period as the revenues they help generate?A. Cost PrincipleB. Revenue Recognition PrincipleC. Matching PrincipleD. Full Disclosure Principle

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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Which accounting principle requires that expenses be recorded in the same period as the revenues they help generate?
A. Cost Principle
B. Revenue Recognition Principle
C. Matching Principle
D. Full Disclosure Principle

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