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

Which principle requires expenses to be recorded in the same period as the revenues they help generate? A) Cost PrincipleB) Matching PrincipleC) Revenue Recognition 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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Question

Which principle requires expenses to be recorded in the same period as the revenues they help generate?

A) Cost Principle
B) Matching Principle
C) Revenue Recognition Principle
D) Full Disclosure Principle

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