The Matching Principle Requires That Revenue Be Assigned to the Accounting

question 199

True/False

The matching principle requires that revenue be assigned to the accounting period in which it is earned.

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Definitions:

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, technologies, or organizational culture.

Forces Resisting Change

The challenges or resistances faced during the process of making alterations in organizational strategies, processes, or culture.

Reward System

A structure within an organization designed to motivate employees by recognizing and rewarding their performance.

Job Duties

Specific responsibilities, tasks, and functions that are expected to be performed as part of a particular job role.