Which accounting principle requires reporting expenses in the same period as the sales they helped to produce?

Name: Which accounting principle requires reporting expenses in the same period as the sales they helped to produce?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The principle of matching requires that expenses be matched with the revenues they helped to produce in the same accounting period in order to accurately reflect the profitability of the business during that period.

Which Accounting Principle Requires Reporting Expenses in the Same Period