Which of the following is commonly referred to as the matching principle?
A) Revenue recognition principle
B) Measurement principle
C) Expense recognition principle
D) Full disclosure principle

Question

Quizplus · Accepted Answer

The matching principle (also known as the expense recognition principle) states that expenses should be recognized and matched with the revenues they helped to generate during the same accounting period. This ensures that the income statement accurately reflects the company's profitability for that period.

Which of the Following Is Commonly Referred to as the Matching