Since economic benefits derived from intangible assets are uncertain,the cost should be expensed in the period when it incurs.Which principle is put into practice in this statement?
A) Going concern principle
B) Matching principle
C) Prudence principle
D) Accrual principle

Question

Quizplus · Accepted Answer

The prudence principle suggests that expenses and liabilities should be recorded as soon as possible, but revenues only when they are assured, reflecting a conservative approach to accounting.

Since Economic Benefits Derived from Intangible Assets Are Uncertain,the Cost