Which of the following statements BEST mirrors the matching principle?
A) The principle that ensures that information is reported at regular intervals
B) The principle that only determines when to record revenues
C) The principle that determines when to record expenses
D) None of the above

Question

Quizplus · Accepted Answer

The matching principle is an accounting principle that requires expenses to be recorded in the same period as the related revenues. Therefore, option C, which states that the matching principle determines when to record expenses, best mirrors the matching principle. Options A and B are not accurate descriptions of the matching principle, and option D is incorrect because there is a clear answer that matches the description of the principle.

Which of the Following Statements BEST Mirrors the Matching Principle