Question: The determination of periodic net income involves comparing (1) the revenue recognized during the period and (2) the expenses to be allocated to the period.

The determination of periodic net income involves comparing (1) the revenue recognized during the period and (2) the expenses to be allocated to the period. This procedure is frequently referred to as:

  • A.Cost accounting.
  • B.Double-entry accounting.
  • C.Balancing the accounts.
  • D.Matching of revenues and expenses.
  • E.None of these.

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