Which of the Following Best Describes the Matching Concept in Accounting

question 53

Multiple Choice

Which of the following best describes the matching concept in accounting?

• A)Revenues should be recorded in the same period as the expenses related to it are paid.
• B)Revenue should be recorded in the same period as the cash is received.
• C)Expenses should be recorded when paid.
• D)Expenses should be recorded in the same period as the revenue they helped earn is recorded.