The matching concept matches ________ and ________.
A) assets; liabilities
B) assets; expenses
C) revenues; expenses incurred to generate revenues
D) net profit; expenses

Question

Quizplus · Accepted Answer

The matching concept matches revenues with the expenses incurred to generate those revenues. This ensures that expenses are properly recognized in the same period as the revenues they helped to generate, providing a more accurate picture of a company's profitability.

The Matching Concept Matches ________ and ________

The Matching Concept Matches and