The matching convention assigns _____ to the related _____.
A)expenses; revenues
B)revenues; revenues
C)assets; liabilities
D)liabilities; assets
E)assets; shareholders' equity

Name: The matching convention assigns _____ to the related _____. A)expenses; revenues B)revenues; revenues C)assets; liabilities D)liabilities; assets E)assets; shareholders' equity
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Question

Quizplus · Accepted Answer

The matching convention requires that expenses be matched with the revenues they helped generate, therefore assigning expenses to revenues.

The Matching Convention Assigns _____ to the Related _____

The Matching Convention Assigns _ to the Related _