The matching principle requires that revenue not be assigned to the accounting period in which it is earned.

Name: The matching principle requires that revenue not be assigned to the accounting period in which it is earned.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

The matching principle requires that revenue be assigned to the accounting period in which it is earned, and the related expenses be recognized in the same period to accurately reflect the true financial picture of the organization.

The Matching Principle Requires That Revenue Not Be Assigned to the Accounting