--- Principle specifies that cost or expenses should be recorded at the same time as the revenue to which they correspond

Name: --- Principle specifies that cost or expenses should be recorded at the same time as the revenue to which they correspond
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Question

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The Matching Principle in accounting dictates that expenses should be recorded in the same period as the revenues they help to generate, ensuring that financial statements accurately reflect a company's financial performance.

--- Principle Specifies That Cost or Expenses Should Be Recorded