The Expense Recognition Principle ("Matching")matches

question 101

Multiple Choice

The expense recognition principle ("matching") matches:

• A)cash receipts with cash disbursements.
• B)expenses with the revenues to which they relate.
• C)assets with liabilities.
• D)prepaid expenses with deferred revenues.

---

Definitions:

Group Development

Group development refers to the stages a group goes through as it progresses from formation to achieving effectiveness, traditionally divided into forming, storming, norming, performing, and adjourning stages.

Termination

The process of bringing an employment or contractual agreement to an end.

Group Cohesiveness

is the degree to which members of a group are motivated to stay in the group and work together to achieve common goals.

Virtual Team

A group of individuals who work together from various geographical locations and rely on communication technology to collaborate.