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Which accounting principle requires that expenses be matched with revenues in the final accounts?

Practice Questions

1 question
Q1
Which accounting principle requires that expenses be matched with revenues in the final accounts?
  1. Going Concern
  2. Accruals
  3. Consistency
  4. Prudence

Questions & Step-by-step Solutions

1 item
Q
Q: Which accounting principle requires that expenses be matched with revenues in the final accounts?
Solution: The Accruals principle requires that expenses be matched with revenues in the final accounts.
Steps: 0

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