The _____ convention, links the timing of some expenses with revenue recognition.
A)going concern
B)conservatism
C)matching
D)materiality
E)objectivity

Question

Quizplus · Accepted Answer

The matching convention states that expenses should be recognized in the same period as the revenue they helped to generate. This ensures that the income statement accurately reflects the profitability of the business during a particular period.

The _____ Convention, Links the Timing of Some Expenses with Revenue