Which of the following accounting principles is concerned with offsetting revenue with the expenses incurred in producing that revenue?
A)Realization principle
B)Materiality
C)Matching
D)Depreciation

Question

Quizplus · Accepted Answer

The matching principle states that expenses should be recognized when they are incurred in order to generate revenue. This means that expenses should be matched with the revenue they help to generate, in order to give an accurate picture of a company's profitability.

Which of the Following Accounting Principles Is Concerned with Offsetting