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


    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
    More Accounts Questions
    ask-question