In accounting,the matching principle means to match which of the following?
A) Revenues to liabilities
B) Expenses to assets
C) Expenses to revenues
D) Expenses to liabilities

Question

Quizplus · Accepted Answer

The matching principle states that expenses should be recognized in the same accounting period as the revenues they helped to earn. Therefore, expenses should be matched to the related revenues. Option A is incorrect because there is no direct relationship between revenues and liabilities. Option B is incorrect because assets are not usually matched with expenses. Option D is also incorrect because liabilities are not usually matched with expenses.

In Accounting,the Matching Principle Means to Match Which of the Following