An Objective of the Expense Recognition Principle ("Matching")is to Have

question 28

Multiple Choice

An objective of the expense recognition principle ("matching") is to have bad debt expense debited in:

• A)the same period that the related accounts receivable is determined to be uncollectible.
• B)the same period the related credit sales are recorded.
• C)a later period after the related credit sales are recorded.
• D)the period that a customer eventually becomes bankrupt.

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Definitions:

Remove Duplicates

The process of identifying and eliminating repeated entries or records from a database, list, or dataset to ensure data integrity.

Duplicated Records

Instances within a database or dataset where two or more records are identical or very similar, often resulting from data entry errors or merging of datasets.

Remove Duplicates Button

A feature in software, particularly in spreadsheet programs, that allows users to automatically identify and delete duplicate entries from data sets.

Data Tools Group

A set of tools or features in software applications, especially those related to databases and spreadsheets, designed for managing and analyzing data.