Which of the following are "matched" under the matching concept?
A)Expenses and revenues
B)Expenses and liabilities
C)Assets and stockholders' equity
D)Assets and liabilities

Question

Quizplus · Accepted Answer

The matching concept in accounting states that expenses should be recorded in the same period as the revenues they help to generate, ensuring accurate financial reporting.

Which of the Following Are "Matched" Under the Matching Concept