Which principle requires that expenses are recorded in the same period as the revenue they help generate? a) Revenue Recognition Principle b) Cost Principle c) Matching Principle d) Consistency 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 principle requires that expenses are recorded in the
same period as the revenue they help generate?
a) Revenue Recognition Principle
b) Cost Principle
c) Matching Principle
d) Consistency Principle
Transcribed Image Text:Which principle requires that expenses are recorded in the same period as the revenue they help generate? a) Revenue Recognition Principle b) Cost Principle c) Matching Principle d) Consistency Principle
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