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Which principle requires that expenses be matched with revenues in the period in which they are incurred?

Practice Questions

1 question
Q1
Which principle requires that expenses be matched with revenues in the period in which they are incurred?
  1. Revenue Recognition Principle
  2. Matching Principle
  3. Cost Principle
  4. Conservatism Principle

Questions & Step-by-step Solutions

1 item
Q
Q: Which principle requires that expenses be matched with revenues in the period in which they are incurred?
Solution: The Matching Principle requires that expenses be matched with revenues in the period in which they are incurred.
Steps: 0

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