In applying the matching rule,revenue recognition should come before the matching (assignment)of expense.

Name: In applying the matching rule,revenue recognition should come before the matching (assignment)of expense.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The matching or assignment of expenses should be done after the revenue has been recognized. This is to ensure that expenses are matched to the revenue they helped generate, resulting in more accurate financial statements.

In Applying the Matching Rule,revenue Recognition Should Come Before the Matching