There are some liabilities,such as income taxes payable and the estimated warranty liability,for which the amounts must be estimated so they can be recorded in the same period as the related revenues.Failure to record these amounts in the same period as the related revenues is a violation of the

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The matching principle states that expenses should be recorded in the same period as the revenues they generated. Therefore, liabilities such as income taxes payable and estimated warranty liability must be estimated and recorded in the same period as the related revenues to follow the matching principle. Failure to do so would violate this principle.

There Are Some Liabilities,such as Income Taxes Payable and the Estimated