The Matching Principle Requires That Expenses Get Recorded in the Same

question 174

True/False

The matching principle requires that expenses get recorded in the same accounting period as the revenues that are earned as a result of the expenses, not when cash is paid.

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Definitions:

Formal Words

Words commonly used in written, academic, or professional communication that convey a more serious tone.

Complex Sentence

A sentence that contains one independent clause and at least one dependent clause.

Joan's Recommendations

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Save Money

The act of reducing expenditure or setting aside funds for future use or emergencies.