Which of the following accounting principles states that expenses are recognized in the same period as the revenues they help to generate?

Question

Quizplus · Accepted Answer

The matching principle requires that expenses be recognized in the same period as the revenues they help to generate, in order to accurately measure profit or loss. This ensures that expenses are properly matched with related revenues, providing a more accurate depiction of a company's financial performance.

Which of the Following Accounting Principles States That Expenses Are