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    Question

    The matching principle in accounting

    means:
    A Matching assets with liabilities Correct Answer Incorrect Answer
    B Matching revenues with expenses in the same period Correct Answer Incorrect Answer
    C Matching cash receipts with cash payments only Correct Answer Incorrect Answer
    D Matching current assets with current liabilities Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Matching principle recognises expenses in the period in which related revenues are earned.

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