Which Accounting Principle Requires Reporting Expenses in the Same Period

question 130

Multiple Choice

Which accounting principle requires reporting expenses in the same period as the sales they helped to produce?

• A)Materiality.
• B)Cost.
• C)Matching.
• D)Business entity.
• E)Going concern.

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Definitions:

Humanistic Theorists

Psychologists who emphasize the importance of personal growth and self-actualization in understanding human behavior.

Vague Concepts

Ideas or notions that are not clearly defined or are lacking in precision and distinctness.

Scientific Methods

A systematic approach for conducting research, which involves observation, hypothesis formation, experimentation, and conclusion to establish empirical findings.

Ideal Self

A person's conception of how they would like to be or think they should be, often serving as a motivational guide for personal growth and development.