The Accounting Principle That Ensures That All Expenses Are Recorded

question 52

Multiple Choice

The accounting principle that ensures that all expenses are recorded when they are incurred during the period, and compares those expenses against the revenues of the period is called the ________ principle.

• A)comparison
• B)accrual
• C)matching
• D)revenue recognition

---

Definitions:

Difference

The state or condition of not being the same in some particular way, often emphasizing diversity in social contexts.

Characteristics of a Minority

Attributes or traits that define a smaller segment of the population distinguished by physical or cultural features, often facing marginalization or discrimination.

Defining Features

Refers to characteristics or attributes that are essential in identifying, distinguishing, or understanding something or someone in a specific context.

Minorities in Canada

Refers to groups in Canada who are not a part of the demographic majority, often identified by racial, religious, linguistic, or cultural differences.