Which of the Following Best Describes the Matching Principle

question 10

Multiple Choice

Which of the following best describes the matching principle?

• A)It requires expenses to be recorded when they are paid for.
• B)It requires expenses to be recorded when incurred to generate revenues.
• C)It requires expenses to be recorded consistent with the cash basis of accounting.
• D)It does not allow expenses to be recorded if they are incurred prior to being paid for.