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.

Identify factors and conditions that hinder or interfere with memory (e.g., proactive and retroactive interference).

Understand the difference between implicit and explicit memory.

Identify examples of procedural memory and its impact on behavior.

Recognize the concept of episodic memory and its role in personal experiences.

---

Definitions:

Sampling Distribution

The probability distribution of a statistic based on a large number of samples or simulations.

Nonnormal Population

Refers to a population that does not follow a normal distribution, which can affect the choice of statistical methods used for analysis.

Sample Measurements

Observations or data collected from a subset of a population for the purpose of statistical analysis.

Sampling Distribution

A probability distribution of a statistic obtained from a large number of samples drawn from a specific population.