Under accrual accounting, the most important GAAP concepts to remember are the recognition principle for expenses and the matching principle for revenues.

Name: Under accrual accounting, the most important GAAP concepts to remember are the recognition principle for expenses and the matching principle for revenues.
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Under accrual accounting, the most important GAAP concepts to remember are the revenue recognition principle for revenues and the matching principle for expenses.

Under Accrual Accounting, the Most Important GAAP Concepts to Remember