πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Which accounting concept requires that expenses be

      matched with revenues?
      A Consistency Correct Answer Incorrect Answer
      B Prudence Correct Answer Incorrect Answer
      C Matching principle Correct Answer Incorrect Answer
      D Accruals concept Correct Answer Incorrect Answer

      Solution

      The matching principle ensures that expenses are recognized in the same accounting period as the revenues they helped to generate.

      Practice Next
      ask-question