The matching principle ensures all expenses are recorded when they are incurred during the period and are matched to the cash payments for expenses.

Name: The matching principle ensures all expenses are recorded when they are incurred during the period and are matched to the cash payments for expenses.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The matching principles ensures all expenses are recorded when they are incurred during the period and are matched against the revenues for the period.

The Matching Principle Ensures All Expenses Are Recorded When They