Which of the following accounting principles requires that expenses be recognized in the same period as the revenue they helped to generate? A) Matching principle B) Conservatism principle C) Revenue recognition principle D) Cost-benefit principle
Which of the following accounting principles requires that expenses be recognized in the same period as the revenue they helped to generate? A) Matching principle B) Conservatism principle C) Revenue recognition principle D) Cost-benefit principle
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter4: Adjusting Entries And The Work Sheet
Section: Chapter Questions
Problem 6QY: The __________ requires that expenses be matched up with revenue for the same period of time. a....
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Which of the following accounting principles requires that expenses be recognized in the same period as the revenue they helped to generate?
A) Matching principle
B) Conservatism principle
C) Revenue recognition principle
D) Cost-benefit principle
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