The matching concept is the name applied to the process of associating expenses with revenues.

Name: The matching concept is the name applied to the process of associating expenses with revenues.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

Quizplus · Accepted Answer

The matching concept is a fundamental accounting principle that requires expenses to be recognized in the same period as the related revenues. This is done to accurately reflect the earnings and financial position of a business for a given period.

The Matching Concept Is the Name Applied to the Process