The ____________ requires expenses to be recorded in the same time period as revenue.
A)revenue recognition principle
B)matching principle
C)accrual principle
D)none of the answers listed

Question

Quizplus · Accepted Answer

The matching principle requires expenses to be recorded in the same time period as revenue in order to accurately reflect the profitability of a company. This means that expenses must be matched with the revenue they generate, regardless of when the related cash transactions occur.

The ____________ Requires Expenses to Be Recorded in the Same