The expense recognition principle ("matching")matches:
A)cash receipts with cash disbursements.
B)expenses with the revenues to which they relate.
C)assets with liabilities.
D)prepaid expenses with deferred revenues.

Question

Quizplus · Accepted Answer

The expense recognition principle ("matching")is the practice under accrual basis accounting to record expenses in the same period as the revenues they generate,not necessarily the period in which cash is paid for them.

The Expense Recognition Principle ("Matching")matches