Question: QUESTION ? ( 1 ) ANSWER What is the matching principle? It is an accounting method of recording financial transactions th requires a debit entry
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ANSWER
What is the matching principle?
It is an accounting method of recording financial transactions th requires a debit entry and credit entry for each transaction to er that the accounting equation is always kept in balance.
It is an accounting method in which revenue is recorded when a s is made and an expense is recorded when it is incurred.
It is the principle requiring that expenses incurred in producing revenue be deducted from the revenues they generate during an accounting period.
It is an accounting method in which revenue is recorded when payment is received and an expense is recorded when cash is paid.
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