The Matching Principle Requires That Expenses Get Recorded in the Same

question 174

True/False

The matching principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

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Definitions:

Tendon

A tough band of fibrous connective tissue that usually connects muscle to bone and is capable of withstanding tension.

Pain

An unpleasant sensory and emotional experience associated with actual or potential tissue damage or described in terms of such damage.

Myosarcoma

A malignant tumor derived from muscle tissue, an aggressive form of cancer affecting the connective tissues of the muscles.

Tumor

A growth of tissue that occurs when cells proliferate excessively or fail to undergo their natural death.