The matching concept matches _____.
A)the dollar amount of expenses and the dollar amount of revenues
B)expenses and related revenues in the same time period
C)the revenues earned and the revenues realized
D)the dollar amount of total assets and the dollar amount of total liabilities and total owners' equity

Question

Quizplus · Accepted Answer

The matching concept requires that expenses and related revenues be matched in the same time period. This means that expenses that were incurred to generate revenues must be recognized in the same period as the revenues they helped to generate. Only choice B refers to this concept.

The Matching Concept Matches _____