The expense recognition (matching)principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses,not necessarily when cash is paid.

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The statement accurately reflects the expense recognition principle, also known as the matching principle. It helps ensure that financial statements accurately reflect the timing of expenses and revenues to provide a more accurate picture of a company's financial performance.

The Expense Recognition (Matching)principle Requires That Expenses Get Recorded in the Same