Under the matching principle, it is possible to have an expense reported on the income statement in one period and the cash payment for that expense reported in another period.

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The matching principle in accounting dictates that expenses should be recognized in the period in which the related revenues are earned, regardless of when the cash payment for the expense is made. This can lead to an expense being reported on the income statement in one period, while the cash payment for that expense is made in a different period.

Under the Matching Principle, It Is Possible to Have an Expense