Which accounting principle requires the recording of expenses in the same period as the revenues they help to generate?a) Revenue Recognition Principleb) Matching Principlec) Conservatism Principled) Cost Principle

Which accounting principle requires the recording of expenses in the same period as the revenues they help to generate?a) Revenue Recognition Principleb) Matching Principlec) Conservatism Principled) Cost 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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Question

Which accounting principle requires the recording of expenses in the same period as the revenues they help to generate?
a) Revenue Recognition Principle
b) Matching Principle
c) Conservatism Principle
d) Cost Principle

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