The matching principle calls for the accountant of a company to:

Question

Quizplus · Accepted Answer

The matching principle states that the expenses incurred to generate revenue should be recorded in the same period as the revenue it generated. Therefore, the accountant should associate the revenue generated from a sale to the costs incurred to produce the product. Option A is not a correct definition of the matching principle, and Option C is more related to the cost principle rather than the matching principle. Option D is incorrect as there is a matching principle in accounting.

The Matching Principle Calls for the Accountant of a Company