Matching revenues and expenses refers to:
A)having revenues equal expenses.
B)recording revenues when cash is received.
C)accurately reflecting the results of operations for a fiscal period.
D)recording revenues when a product is sold or a service is rendered.

Question

Quizplus · Accepted Answer

The matching principle in accounting ensures that expenses are recorded in the same period as the revenues they help to generate, accurately reflecting the results of operations for that fiscal period.

Matching Revenues and Expenses Refers To