The matching principle requires that efforts be matched with accomplishments.

Name: The matching principle requires that efforts be matched with accomplishments.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

The matching principle is an accounting concept that requires expenses to be recognized in the same period as the revenues they help to generate. This ensures that efforts (expenses) and accomplishments (revenues) are matched and reported accurately on financial statements.

The Matching Principle Requires That Efforts Be Matched with Accomplishments