The matching rule relates the least to
A)income measurement.
B)the cash basis of accounting.
C)revenues and expenses.
D)a direct relationship between expenses and revenues.

Question

Quizplus · Accepted Answer

The matching rule is a fundamental principle of accrual accounting and relates directly to the recognition of revenues and expenses, ensuring that they are recorded in the appropriate accounting period. It has no significant relationship with the cash basis of accounting, which does not recognize accrued revenues and expenses.

The Matching Rule Relates the Least to