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

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Definitions:

Military Veteran

An individual who has served in the armed forces and is no longer serving in a military capacity.

Disability

A physical or mental condition that significantly limits a person's movements, senses, or activities.

Unemployed

Refers to individuals who are capable of working and are actively seeking employment but are unable to find a job.

Disabilities

Disabilities are physical or mental conditions that limit a person's movements, senses, or activities, significantly impacting their daily life and ability to perform certain tasks.