The Matching Principle Is Also Called

question 26

Multiple Choice

The matching principle is also called:

• A)adjusting entry concept.
• B)revenue recognition principle.
• C)expense recognition principle.
• D)time period concept.

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Definitions:

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components that a company will use in the production of the items it will sell.

Order-To-Cash Cycle Time

The duration from when an order is placed until the organization receives the cash payment, encompassing sales order processing, fulfillment, and accounts receivable.

Order Cycle Time

This refers to the total time from when a customer places an order to the delivery of the product or service.