Expenses that are matched with the period in which they are incurred are frequently called:
A)market expenses
B)matching expenses
C)period costs
D)working costs

Question

Quizplus · Accepted Answer

Period costs are expenses that are matched with the period in which they are incurred. This includes selling, general and administrative expenses, as well as any other non-production related costs. The term "matching" is commonly used to describe the process of associating expenses with revenues, but it is not specific to expenses that are matched with the period in which they are incurred. The other answer choices, market expenses and working costs, are not commonly used terms in accounting.

Expenses That Are Matched with the Period in Which They