The Accounting Principle That Ensures All Expenses Are Recorded During

question 79

Multiple Choice

The accounting principle that ensures all expenses are recorded during the period when they are incurred and offsets 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:

Wine Drinkers

Individuals who consume wine, often with an appreciation for its varieties and pairings with food.

Interest Rate

The rate at which a loan accrues interest for the borrower, frequently expressed as an annual percentage of the loan's remaining value.

Antique

An item of considerable age valued for its aesthetic or historical significance, often regarded as collectible or desirable due to its rarity and craftsmanship.

Pleasure

A feeling of happiness, satisfaction, or enjoyment derived from various activities or experiences.