The Matching Principle Is Best Demonstrated by

question 28

Multiple Choice

The matching principle is best demonstrated by

• A) not recognizing any expense unless some revenue is realized.
• B) associating effort (expense) with accomplishment (revenue).
• C) recognizing prepaid rent received as revenue.
• D) measuring expenses correctly.

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Definitions:

Service Charge

A Service Charge is a fee collected for services provided, often seen in the banking, hospitality, and service industries.