The matching concept leads accountants to select the recognition alternative that produces the lowest amount of net income.

Name: The matching concept leads accountants to select the recognition alternative that produces the lowest amount of net income.
Brand: Quizplus
Rating: 4.9 (41 reviews)

Question

Quizplus · Accepted Answer

The matching concept does not lead accountants to select the recognition alternative that produces the lowest amount of net income.Instead,it is an accounting principle of recognizing expenses in the same accounting period as the revenues they produce.

The Matching Concept Leads Accountants to Select the Recognition Alternative