The matching concept requires that all costs and revenues be recognized early in the cash-to-cash cycle.

Name: The matching concept requires that all costs and revenues be recognized early in the cash-to-cash cycle.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The matching concept requires that expenses be recognized in the same period as the revenues they help to generate. This means that some costs and revenues may not be recognized until a later period in the cash-to-cash cycle.

The Matching Concept Requires That All Costs and Revenues Be