What should an accountant do when there is no traceable connection between expenses and revenue?
A)Apply the matching concept
B)Design a system of internal control
C)Exercise judgment
D)Be as uniform as possible

Question

Quizplus · Accepted Answer

Although it would be more accurate to match expenses with revenues than with periods,there is sometimes no traceable connection between expenses and revenue.Accountants must exercise judgment to select the accounting period in which to recognize revenues and expenses.

What Should an Accountant Do When There Is No Traceable