The matching principle is also called the ________.
A) adjusting entry concept
B) revenue recognition principle
C) expense recognition principle
D) time period concept

Question

Quizplus · Accepted Answer

The matching principle is also known as the expense recognition principle because it requires expenses to be recognized in the same period as the revenue they help to generate. This principle ensures that a company's financial statements accurately reflect the profitability of its operations for a given period.

The Matching Principle Is Also Called the ________