For which of the following accounts would the matching concept be the most appropriate?
A)Cost of Goods Sold.
B)Research and Development
C)Depreciation Expense
D)Sales

Question

Quizplus · Accepted Answer

The matching concept requires that expenses be recognized in the same period as the revenue they helped generate. Cost of goods sold is an expense account directly related to the revenue generated from the sale of goods, making it the most appropriate account to apply the matching concept to.

For Which of the Following Accounts Would the Matching Concept