Which of these is not an expense recognition criteria in the Conceptual Framework?
I The probability of a decrease in economic benefits
II Reliability of measurement
III Matching costs with revenue
A) 0
B) I
C) II
D) III

Question

Quizplus · Accepted Answer

III, Matching costs with revenue, is not considered an expense recognition criterion in the Conceptual Framework. The Conceptual Framework focuses on the probability of future economic benefits flowing out of the entity (I) and the reliability of measurement (II) as criteria for expense recognition. The matching principle, while used in practice, is not explicitly listed as a criterion in the Conceptual Framework.

Which of These Is Not an Expense Recognition Criteria in the Conceptual