The expense recognition (matching) principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

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The expense recognition (matching) principle is a basic accounting principle that states that expenses should be recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when the cash is paid. This ensures that the income statement reflects the true cost of generating the revenue for the period, and helps provide a more accurate picture of a company's financial performance.

The Expense Recognition (Matching) Principle Requires That Expenses Get Recorded