The assumption that deals with when to recognize the costs that are associated with the revenue that is being recognized is:
A)matching.
B)going concern.
C)consistency.
D)materiality.
E)None of the answers are correct.

Question

Quizplus · Accepted Answer

The assumption of matching deals with recognizing costs in the same period as the associated revenue is recognized. This helps to ensure that expenses are properly matched with the revenue they helped to generate, providing a more accurate picture of the company's financial performance.

The Assumption That Deals with When to Recognize the Costs