Which of the following is frequently used to describe the expenses that are matched in the same accounting period in which they are incurred?
A)Market expenses
B)Matching expenses
C)Period costs
D)Working costs

Question

Quizplus · Accepted Answer

When the connection between and expense and the corresponding revenue is vague,accountants commonly match the expense with the period in which it is incurred.Those expenses are frequently called period costs.

Which of the Following Is Frequently Used to Describe the Expenses