Question
Cost or expenses must be recorded at the same time as
the revenue to which they correspond is specified by which principle?Solution
According to the Matching Principle, expenses should be recognized in the same period as the revenues they helped generate, regardless of when the actual cash payment occurs. This principle ensures that the financial statements reflect the true profitability of a business by matching the expenses incurred to generate revenues in the same accounting period.
Select the option that is related to the third term in the same way as the second the term is related to the first term.
UCILVFKB : YEKNXHMF : : Q...Select the option that is related to the third number in the same way as the second number is related to first number and the sixth number is related t...
Odd one out
Select the option that is related to the third term in the same way as the second term is related to the first term.
CFHJO: DHKNT:: NVODI: ?
Select the combination of letter that when sequentially placed in the blanks of the given series will complete the series.
W _ _ C H S _ _ T C _ ...
Select the option that is related to the third number cluster in the same way the second number cluster is related to the first number cluster.
3...
If G = 14, GET = 64, then ‘GATE’ will be equal to?
Select the option that is related to the third word in the same way as the second word is related to the first word.
Wood : Furniture :: Cl...Hill is related to mountain in the same way as
Select the option in which the numbers are related in the same way as are the numbers in the given set.
(108, 115, 136)
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