The ________ requires that expenses incurred in producing revenues be deducted from the revenue they generated during the same accounting period.
A) principle of prudence
B) deferral principle
C) materiality principle
D) matching principle
E) principle of continuity

Question

Quizplus · Accepted Answer

A)The matching principle is the fundamental principle requiring that expenses incurred in producing revenue be deducted from the revenues they generate during an accounting period.
B)The matching principle is the fundamental principle requiring that expenses incurred in producing revenue be deducted from the revenues they generate during an accounting period.
C)The matching principle is the fundamental principle requiring that expenses incurred in producing revenue be deducted from the revenues they generate during an accounting period.
D)The matching principle is the fundamental principle requiring that expenses incurred in producing revenue be deducted from the revenues they generate during an accounting period.
E)The matching principle is the fundamental principle requiring that expenses incurred in producing revenue be deducted from the revenues they generate during an accounting period.

The ________ Requires That Expenses Incurred in Producing Revenues Be