Which of the following requires that expenses should be matched and recognized in the same period as
Question:
Which of the following requires that expenses should be matched and recognized in the same period as the related revenue?
a. Cost principle
b. Going concern assumption
c. Matching principle
d. Separate entity concept
e. Cash basis
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The correct answer is c Matching principle The matching principle states th...View the full answer
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Related Book For 
Principles Of Financial Accounting IFRS Edition
ISBN: 9789814962605
3rd Edition
Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu
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