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Which accounting principle requires that expenses be matched with revenues in the trial balance?

Practice Questions

1 question
Q1
Which accounting principle requires that expenses be matched with revenues in the trial balance?
  1. Revenue Recognition Principle
  2. Matching Principle
  3. Cost Principle
  4. Conservatism Principle

Questions & Step-by-step Solutions

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

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