Which of the following principles best describes the rationale for matching administrative and selling expenses with revenues of the current period?
A) Direct matching
B) Systematic and rational allocation
C) Immediate recognition
D) Partial recognition

Question

Quizplus · Accepted Answer

Immediate recognition is used for expenses that are not directly tied to specific revenues but are recognized in the period they are incurred to match them with the revenues of the current period.

Which of the Following Principles Best Describes the Rationale for Matching