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:

Amygdala

A part of the brain's limbic system, significantly involved in emotion regulation, emotional learning, and the formation of memories related to emotional events.

Neurotransmitters

Chemicals that carry signals over the gap between synapses in the brain.

Synapses

The junctions at which neurons communicate with each other through neurotransmitters.

Hormones

Chemical messengers produced by the endocrine glands that regulate various bodily functions and processes.