The Matching Principle Includes Two Steps

question 74

Multiple Choice

The matching principle includes two steps:

• A)measure the expenses and record the revenue.
• B)identify all the expenses incurred during the accounting period and measure the expenses and match them against the revenue earned.
• C)when to record revenue and the amount of revenue to record,
• D)when to record the revenue and identify all the expenses incurred during the accounting period.

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